1998
AOL acquired Netscape in November 1998 in an all-stock deal valued at just over $4 billion.
“in November 1998, AOL acquires Netscape in an all-stock deal for just over $4 billion.”
Topic
11 facts from 7 episodes, in date order. These are what speakers said on the shows, each linked to the moment it was said. They aren't independently verified.
1998
AOL acquired Netscape in November 1998 in an all-stock deal valued at just over $4 billion.
“in November 1998, AOL acquires Netscape in an all-stock deal for just over $4 billion.”
1999
Netscape was sold to AOL in 1999 for $4.2 billion in an all-stock deal.
“And then in 1999, finally, famously, Netscape sells itself to AOL for $4.2 billion, but it's an all stock deal with AOL.”
1999
Marc Andreessen became AOL's chief technology officer as part of the Netscape sale.
“So Marc Andreessen, as part of the sale, becomes CTO of AOL.”
2002
In the summer 2002 AOL deal, Google agreed to share 85% of the search ad revenue with AOL, guarantee $100 million, and grant AOL options on 7.4 million shares at $3.
“Google will then share back 85 cents on the dollar to AOL for all of that revenue.”
2003
Eich says AOL's Ted Leonsis gave $2 million over two years to spin out the Mozilla project in 2003.
“Ted did the right thing and gave us $2 million over two years to spin out the Mozilla project.”
2003
AOL earned $35 million from the Google deal in the second half of 2002 and $200 million in 2003, well above the $100 million guarantee.
“AOL made $35 million in 2002, the first half year of the deal alone. And then in 2003, made $200 million.”
2005
Weblogs Inc. was sold to AOL for $30 million about 18 months after it was founded, according to Calacanis.
“that company lasted 18 months. We sold it for $30 million to AOL.”
2006
Jason Calacanis says AOL paid about $30 million for Weblogs Inc. when the company had only about $200,000 in revenue to date.
“they gave 30 million dollars to you know for weblogs inc they've only got 200k in revenue”
2008
Bebo's founder decided to sell the social network and sold it to AOL for $850 million.
“decides to sell, sells the company for $850 million to AOL,”
Undated
The guest said AOL wrote off Bebo about a year and a half after buying it, treating it as worth almost nothing.
“AOL basically writes off Bebo kind of like a year and a half later as like a tax write off of like, it's worth nothing to us now.”
Undated
The Netscape brand stayed with AOL until Verizon acquired AOL, so Verizon owns the brand.
“the brand is an easy one to trace. That stayed with AOL until they ultimately were bought by Verizon.”
Episodes