In my recollection, the initial payment from Microsoft to Spyglass was higher than what Marc said, but I'm not sure.
But I am sure that the deal was later renegotiated at a substantially higher number.
I'm also pretty sure that even after that rework of the terms, Spyglass didn't get enough from Microsoft to compensate for the fact that Microsoft, er, you know, killed the browser business. And insofar as that is the essence of Marc's point, I agree with it.