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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST
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To: Mighty_Mezz who wrote (1221)8/9/1997 10:26:00 AM
From: Mighty_Mezz   of 27307
 
Headline: Yahoo! To Cut Payment To Netscape; Buys `Push' Technology Firm
======================================================================
NEW YORK -(Dow Jones)- Yahoo! Inc., the Internet's leading search
service, Thursday disclosed it has lowered to $19.7 million from $25
million the amount it will pay Internet software firm Netscape
Communications Corp. as part of a marketing deal.
Under the original agreement announced in March, Yahoo was to pay $10
million in guarantees against shared advertising revenue in the first
year of the agreement and $15 million in the second year. The current
agreement calls for Yahoo to pay Netscape only $4.7 million the first
year and the same $15 million the second year.
Yahoo cited initial start-up costs associated with the agreement and
a later-than-expected rollout of Netscape's Communicator software
package.
Separately, Yahoo said it agreed to acquire NetControls Inc., a
developer of so-called push technology, in a stock deal worth about $1.3
million. Yahoo will pay 24,778 of its shares. NetControls' technology
pushes information to PC users rather than having them come and get it.
Copyright (c) 1997 Dow Jones & Company, Inc.
All Rights Reserved.
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