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Microsoft Agrees to Pay Gateway $150M
Contributed by: SHA, at 4/11/2005 07:44:00 PM.

Microsoft Corp., the world's biggest software maker, has agreed to pay Gateway Inc. $150 million over four years to settle a legal dispute and the companies will work together on the marketing and development of Gateway personal computing products.
As part of the settlement announced Monday, Gateway will release all antitrust claims against Microsoft based on past conduct.
Gateway shares rose 7 cents to $4.15 in morning trading on the New York Stock Exchange. Microsoft shares climbed 11 cents to $25.05 in morning trading on the Nasdaq Stock Market.


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