May 12, 1996: Prodigy Takeover from IBM
1996 – IBM and Sears and Roebuck lose Prodigy due to takeover. They sell their interests to a group of investors – led by Prodigy Management: founders of Boston Technology and International Wireless. Ed Bennett, CEO of Prodigy takes the lead in this acquisition. Carlos Slim Helu – Owner of Telmex – then provided Internet access for Mexico and Latin America.Ultimately, Prodigy went public in 1999 and stayed that way until bought out by SBC (AT&T).
Full Day in Tech History podcast show notes for May 12
- MITS receives a retraining order for Microsoft on the 8080 BASIC
- XBOX360 is unveiled
- France passes the Three Strikes rule