Apple Takes $150 Million from Microsoft - WIRED

Aug 6, 1997 · While Apple gets its boardroom in order, it will also get a nice cash infusion from Microsoft, which is buying $150 million worth of stock, with no sell option for three years.

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Apple Takes $150 Million From Microsoft - WIRED

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Aug 6, 1997 · While Apple gets its boardroom in order, it will also get a nice cash infusion from Microsoft, which is buying $150 million worth of stock, with no sell option for three years.

wired.com

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Aug. 6, 1997: Apple Rescued — By Microsoft - WIRED

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Aug 6, 2009 · 1997: Microsoft rescues one-time and future nemesis Apple with a $150 million investment that breathes new life into a struggling Silicon Alley icon. In a remarkable feat of …

wired.com

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1997: Steve Jobs Was Wrong And Microsoft Saved Apple - Macworld

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On August 6, 1997, Apple and Microsoft announced the end of legal hostilities and that Microsoft would invest $150 million in Apple by purchasing non-voting shares in the struggling company.

macworld.com

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Apple Takes $150 Million From Microsoft : Fenix Investors

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Excerpt: Apple Takes $150 Million from Microsoft Apple’s stock surged $6.56 to close at $26.31 – a rise of 33 percent – in the wake of the announcements.

fenix.pe

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This Day In Tech: Apple Rescued — By Microsoft - LinkedIn

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Aug 6, 1997: Microsoft rescues one-time and future nemesis Apple with a $150 million investment that breathes new life into a struggling Silicon Alley icon. In a remarkable feat of negotiating ...

linkedin.com

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On This Date In 1997, Microsoft Invested In Apple - Mental Floss

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Aug 6, 2016 · Microsoft bought $150 million in non-voting Apple stock, promised to hold that stock for three years, and promised to support Microsoft Office on the Mac for at least five years.

mentalfloss.com

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When Microsoft Famously Invested $150 Million In Apple

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Aug 7, 2023 · A look back at when Microsoft shocked the world by investing $150 million in their arch-rival, Apple.

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A Quick Look Back At When Microsoft Invested $150 Million In …

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On August 6, 1997, Apple CEO Steve Jobs announced Microsoft has bought $150 million of stock in the company. It helped Apple get some much-needed funds to jumpstart new products at …

neowin.net

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Microsoft Investment Saves Apple: Today In Apple History - Cult Of …

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On August 6, 1997, Steve Jobs revealed a $150 million Microsoft investment in Apple. The controversial cash infusion saved Cupertino.

cultofmac.com

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Role Reversal: Apple's Profits Are Bigger Than Microsoft's - WIRED

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Apr 28, 2011 · In 1997, the Bill Gates-run Microsoft saved Steve Jobs's Apple with a $150 million investment. And despite the animosity many Apple fans had for Microsoft, Apple lived in its …

wired.com

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What Ever Became Of Microsoft’s $150 Million Investment In Apple?

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May 21, 2014 · “Microsoft’s $150 million investment netted the company 150,000 shares of preferred stock, convertable to common shares of Apple stock at a price of $8.25, redeemable …

macdailynews.com

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Microsoft To Invest $150 Million In Apple - CNET

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Unlikely bedfellows Bill Gates and Steve Jobs join to announce Microsoft's $150 million investment in Apple and extensive agreements.

cnet.com

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Microsoft Once Owned A Chunk Of Apple, Here’s What It Would

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Aug 25, 2020 · That’s 5.9% of Apple’s total value, a market capitalization of $2.1 trillion. So there you have it. Microsoft’s $150 million would’ve been worth 850 times more today.

thenextweb.com

FAQs about Apple Takes $150 Million from Microsoft - WIRED Coupon?

How much did Microsoft invest in Apple?

In 2001, Microsoft converted its investment into common stock, which mean it owned 18.1 million of Apple shares. Finally, just two years later, Microsoft sold off all of its shares in Apple for $550 million. Most people would think that was a pretty solid return on an investment after six years. ...

How many shares did Microsoft hold in Apple?

Microsoft held approximately 18.1 million shares in Apple at the time it started selling them. Since then, multiple stock splits have taken place: one on a 2-for-1 basis on February 28, 2005, and one on a 7-for-1 basis on June 9, 2014. This means those 18.1 million shares would have been 253.4 million shares as of today. ...

Why did Steve Jobs invest $150 million in Microsoft?

August 6, 1997: In one of the most famous moments in Apple history, Steve Jobs reveals a $150 million Microsoft investment that saved his company from ruin. Although often presented as an inexplicable gesture of good faith on the part of Microsoft boss Bill Gates, the cash infusion into Apple actually benefits both companies. ...

How did Microsoft save Apple?

1997: Microsoft rescues one-time and future nemesis Apple with a $150 million investment that breathes new life into a struggling Silicon Alley icon. In a remarkable feat of negotiating legerdemain, Apple co-founder Steve Jobs got needed cash — in return for non-voting shares — and an assurance that Microsoft would support Office for the Mac […] ...

Does Microsoft still own Apple?

Microsoft had pledged to continue to own shares in Apple for three years. In 2001, Microsoft converted its investment into common stock, which mean it owned 18.1 million of Apple shares. Finally, just two years later, Microsoft sold off all of its shares in Apple for $550 million. ...

Will Microsoft's $150 million investment boost Apple's long-term viability?

Analysts said that Microsoft's assurance of providing its latest applications on the Macintosh may be more important to the company's long-term viability than the $150 million investment. "The decision to produce Office on the Mac will be a big boost for Apple. ...