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. Last Updated: 07/27/2016

Qualcomm Investment

SAN DIEGO -- Qualcomm Inc. said Monday it has invested $144 million in NetZero Inc. for a 10 percent stake in the advertising-supported, free Internet access provider.

The wireless communications company now owns about 11.5 million shares of NetZero that were bought at about $12.50 a share.

NetZero will also distribute Qualcomm's Eudora e-mail software. The two companies will share the revenue generated by advertising in copies of Eudora distributed by NetZero.