Summary:

The companies announced a seven-year pact under which AOL will use Microsoft’s Internet Explorer browsing technology for free over the next…

The companies announced a seven-year pact under which AOL will use Microsoft’s Internet Explorer browsing technology for free over the next seven years. As part of the settlement, Microsoft will pay $750 million to AOL.

“The companies said they will jointly develop and support steps for digital media technology, digital rights management (DRM) initiatives, Microsoft browsing technology and Windows compatibility with AOL service, better support and coordination, the creation of a new distribution marketing channel for AOL, and a instant messenger interoperability between the two platforms.” In for a treat, are we?

Also see: — Microsoft, AOL Seek to Bury the Hatchet With Settlement

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