IP: Microsoft To Acquire WebTV

[David Farber <farber () cis upenn edu>]

> 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.....