: The definitive agreement was announced on April 6, 1997 , and the acquisition was completed on August 1, 1997 .
Microsoft's acquisition of WebTV Networks Inc. in was a landmark $425 million deal that signaled the tech giant's first major push to dominate the living room by merging the internet with television. The Deal and Strategy microsoft buys web tv
: Shortly after the acquisition, Microsoft unveiled an improved "Plus" version with a 1.1GB hard drive and a TV tuner for picture-in-picture browsing. : The definitive agreement was announced on April
: The deal was valued at approximately $425 million in a combination of cash and stock. Strategic Intent : microsoft buys web tv
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