Netscape Co-Founder Moving to AOL
Feb. 17, 1999
DULLES, Va. (AP) _ America Online Inc. confirmed Wednesday it will make Marc Andreessen, the 27-year-old co-founder of Netscape Communications Corp., chief technology officer when it completes its acquisition of Netscape this spring.
Andreessen, who was in charge of software development at Netscape, will report to AOL chairman and chief executive Steve Case. The move, first reported late last month, is expected to help convince other Netscape employees from leaving the company as AOL absorbs the pioneer maker of Internet software.
Andreessen helped create the Internet browser that made the World Wide Web so popular. He's expected to play a major role in keeping talent and bolstering morale at Netscape, which will continue working on Internet software as a division of AOL.
Netscape, based in Mountain View, Calif., agreed in November to be purchased by AOL for stock then valued at $4.2 billion.
Both companies have said the deal should be completed early this spring. The U.S. Department of Justice is checking the deal closely, since it could have an impact on the antitrust trial of Microsoft Corp.
Andreessen co-founded Netscape in 1994 with James Clark and the company made popular an Internet browser developed by Andreessen and some classmates from the University of Illinois.