Netscape (in the form of AOL Time Warner) is dropping its antitrust suit against Microsoft in exchange for $750 million. By way of comparison, AOL's debt load is over $26 billion, while Microsoft has over $46 billion in cash on hand.
The other striking term of the deal was that AOL will get a seven-year royalty-free license to use IE, an arrangement that doesn't bode well for Netscape's political prospects within the AOL/TW world. Microsoft will also give AOL a license to use Windows Media Player and help to distribute AOL CDs.
It's . . . as . . . though . . . they've forgtten that MSN and AOL are supposed to be competitors.