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May 12, 1996: Prodigy Takeover from IBM

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Prodigy
May 12, 1996: Prodigy is taken over by Prodigy Management

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).

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