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IP: Microsoft To Acquire WebTV
From: David Farber <farber () cis upenn edu>
Date: Sun, 06 Apr 1997 16:24:18 -0400
April 6, 1997 Microsoft To Acquire WebTV Filed at 3:45 p.m. EDT By The Associated Press LAS VEGAS (AP) -- In a move it hopes will spur the merging of personal computers and televisions, Microsoft Corp. will acquire WebTV Networks, a company that sell systems that allow people to surf the Internet over their TVs, Craig Mundie, Microsoft's senior vice president, announced Sunday. The announcement came at the National Association of Broadcasters convention here. ``Earlier this morning Microsoft completed a definitive agreement to acquire WebTV Networks.'' He said the purchase price for the Palo Alto-based WebTV Networks was $425 million.....
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- IP: Microsoft To Acquire WebTV David Farber (Apr 06)