This Day in History: November 24
November 24, 1998
AOL Buys Netscape
America Online announced the acquisition of Netscape Communications in a stock-for-stock transaction worth $4.2 billion. The deal between Netscape and AOL was also a pooling-of-interests transaction and gave Netscape shareholders 0.45 shares of AOL common stock for each share they held. The transaction closed in the spring of 1999, subject to regulatory and shareholder approval.