Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.

Microsoft takes $150 mil stake in Apple, buys Vxtreme

Published on .

At the MacWorld Conference in Boston on Wednesday Apple Computer announced that Microsoft Corp. has agreed to invest $150 million in a non-voting stake in the company. As part of the deal, Apple agreed to drop a charge that the Microsoft Windows operating system infringed on Apple's patent.

In related news, Microsoft also finalized a deal to acquire VXtreme, a streaming video software company. Microsoft investments show its support for the broad streaming media industry. It also recently announced licensing deals with Progressive Networks, a popular streaming software, and said it was releasing Microsoft NetShow 2.0 streaming media server.

Copyright August 1997, Crain Communications Inc.

Most Popular
In this article: