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Microsoft, RealNetworks may have settledPosted by admininvest on: 2005-10-11 08:31:50
SEATTLE - Longtime adversaries Microsoft Corp. and RealNetworks Inc. scheduled a joint news conference Tuesday amid indications that the companies had settled Real's antitrust lawsuit against Microsoft. The news conference in Seattle was scheduled to include the heads of both companies, Microsoft's Bill Gates and RealNetworks' Rob Glaser. RealNetworks sued Microsoft in December 2003, accusing the software giant of illegally forcing Windows users to accept Microsoft's digital media player. RealNetworks said its music player suffered as a result. A settlement in the works between the companies would cost Microsoft $750 million, The Wall Street Journal reported Tuesday, citing unidentified sources. It was unclear how much of that would be in cash; the Journal said that Microsoft would work to promote RealNetworks music and game services and that the companies would collaborate on technology initiatives. A Microsoft representative did not return a phone message early Tuesday. It would be the latest in a series of peace accords that have cost Microsoft several billion dollars in recent years. In July, Microsoft reached an $850 million deal with International Business Machines Corp. That followed a $1.6 billion settlement with Sun Microsystems Inc. in 2004 and a $750 million truce with America Online, part of Time Warner Inc., in 2003. Homepage Other open community sites http://www.business-business.biz Please support our sponsors: To design your custom retirement plan. http://www.retirement-plan.us For planning IRA rollovers. http://www.ira-rollover.us Professional asset allocation and the wonders it can do. http://www.asset-allocation.us Professional money management- Nationally ranked performance. http://www.roth-ira.us Managers selected to fit your needs. http://www.money-managers.us |
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