Microsoft Corp. said Friday it will pay $775 million to IBM to settle an antitrust lawsuit from the mid-1990s in which IBM charged that certain Microsoft practices hurt its OS/2 operating system and SmartSuite products, along with its server and hardware business.
Microsoft also will extend $75 million in credit toward the deployment of its software at International Business Machines Corp. Under the settlement, IBM agreed not to assert claims for server monetary damages for two years and not to seek damages on such claims incurred before June 30, 2002.
