Microsoft takes $150 mil stake in Apple, buys Vxtreme

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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.

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