Editing Justin Frankel (section)

== Sale of Nullsoft to AOL ==

In June 1999 [[AOL]] simultaneously acquired Nullsoft and [[Spinner.com]] in a combined purchase worth approximately $400 million.<ref>{{cite web|url=http://news.cnet.com/2100-1023-226540.html |title=AOL buys Spinner, Nullsoft for $400 million |author=Beth Lipton Krigel |date=June 1, 1999 |work=CNet News |access-date=2007-05-04 |archive-url=https://archive.today/20120728144540/http://news.cnet.com/2100-1023-226540.html |archive-date=July 28, 2012 |url-status=dead }}</ref> In a July 21, 1999 SEC filing by AOL, the transaction was recorded as a payment of 2,863,053 shares of AOL [[common stock]] to the 54 stockholders in the two companies being acquired. On July 20, 1999, the last reported  sale price for AOL common stock was $113.1875 per share. Frankel's stake of 522,661 shares in the acquisition was worth approximately $59 million.<ref name="SEC Filing">{{cite web | url=http://www.secinfo.com/dqv2b.61h.htm | title=America Online Inc S-3 filing | date=September 21, 1999 | publisher=[[Securities and Exchange Commission]] }}</ref>