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Netscape says from CeBIT press conference

Hanover – Netscape has called off yesterday, Friday’s press conference at CeBIT, journalists were at the door of Room 15/16 of the convention center just a note: “Due to the planned merger between AOL and Netscape no longer, unfortunately, the press conference,” was there to read.

Be within the next 14 days “for merger topic” Expect more details, it said in a press release.

Meanwhile, AOL announced that Netscape’s shareholders have approved the purchase on Wednesday. You will receive 0.90 shares per AOL’s own content. The transaction has a value according to the latest market prices of around 9.8 billion dollars. The U.S. Justice Department had already given the green light for a few days before the merger. The competition authorities had not expressed any objections to the mega-merger.

Contact: AOL, tel: 040/361590; Netscape, Phone: 069/6960

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