Apr 6, 2017

COMPANY NEWS; NETSCAPE AGREES TO BUY COLLABRA SOFTWARE Published: September 22, 1995 Correction Appended Netscape Communications, based in Mountain View, Calif., agreed yesterday to buy the privately held Collabra Software Inc. for 1.85 million shares of Netscape stock. The acquisition, Netscape's first, is expected to close by Jan. 31. Netscape shares gained $4 a share yesterday, closing at $58.75, making the deal worth $10 million. Collabra, also of Mountain View, makes software that allows people to work on common documents over computer networks. Under the deal, Collabra founder Eric Hahn would join the management of Netscape, the leading maker of software for electronic publishing on the Internet's World Wide Web. Correction: September 25, 1995, Monday A brief report in the Company News column of Business Day on Friday about an agreement by the Netscape Communications Corporation to acquire Collabra Software Inc. for stock misstated the value of the deal. It is $108.7 million, not $10 million, based on Thursday's closing price of $58.75 for Netscape shares.