Microsoft Corp. will pay $750 million to AOL Time Warner to settle a dispute involving Web browser technology.
America Online Inc., on behalf of its Netscape Communications subsidiary, filed the antitrust lawsuit against Microsoft in January 2002.
As part of the settlement, the companies agreed to a new, royalty-free, seven-year license of Microsoft's Web browsing technology. Microsoft will also license its Windows Media 9 Series technology and "successor" digital rights management software to AOLTW, and provide its AOL service with a new distribution channel for its software.
Chief competitors for Microsoft's Windows Media platform include those from RealNetworks Inc. and Apple Computer.
In another settlement, Microsoft and AOLTW also agreed to explore ways to establish interoperability between their respective instant messenger networks.