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

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

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Aug. 6, 1997: Apple Rescued — by Microsoft 1997: Microsoft rescues one-time and future nemesis Apple with a $150 million investment that breathes new life into a struggling Silicon …

wired.com

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August 6, 1997 -- The Day Apple And Microsoft Made Peace

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August 6, 1997 -- The day Apple and Microsoft made peace. Bill Gates and Steve Jobs came together 21 years ago, when Microsoft agreed to invest $150 million in Apple stock. ... was …

appleinsider.com

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Neowin - By John Callaham - On August 6, 1997, Apple CEO.

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By John Callaham - 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 …

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August 6: Microsoft Buys $150M Of Apple Stock - CHM

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august 6, 1997 Microsoft Buys $150M of Apple stock. In an effort to help save Apple Computer and possibly deflect criticism in its own anti-trust trial, Microsoft Corp. buys $150 million in …

computerhistory.org

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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 ...

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1997: Steve Jobs Was Wrong And Microsoft Saved Apple

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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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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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When Microsoft Saved Apple Inc. From Bankruptcy

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Oct 23, 2023 · In August 1997, Microsoft purchased $150 million of non-voting Apple stock. Additionally, Microsoft agreed to continue developing software such as Microsoft Office for the …

thebusinessanecdote.com

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1997: Microsoft Saves Apple - Low End Mac

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Thanks, Microsoft, for bailing out Apple in its darkest hour. Maybe Apple will return the favor someday. Further Reading. Microsoft to Invest $150 Million in Apple, Cnet, 8/6/1997; Aug. 6, …

lowendmac.com

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

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On August 6, 1997, Steve Jobs announced that Microsoft made a major investment in Apple. Microsoft bought $150 million in non-voting Apple stock, promised to hold that stock for three …

mentalfloss.com

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Apple Takes $150 Million From Microsoft - WIRED

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Aug 6, 1997 8:38 AM. Apple Takes $150 Million from Microsoft. Redmond will buy non-voting shares in its main OS competitor, presumably to keep up software sales. Apple's board is also …

wired.com

FAQs about Aug. 6, 1997: Apple Rescued — By Microsoft - Neowin Coupon?

What happened to Apple in 1997?

Here’s how it works. 1997 was a major year in the history of Apple, and indeed in the entire computer and tech industry. The company had been near bankruptcy after several poor years of sales of its Macintosh products. It also saw the rise of Intel-based PCs running Microsoft's Windows operating system. ...

What happened between Apple and Microsoft?

A bitter rivalry between Microsoft and Apple had erupted over the past decade. Still, both sides got something extremely desirable out of this 1997 deal. In exchange for the money, Microsoft received non-voting shares in Apple. Jobs also agreed to introduce Microsoft’s Internet Explorer for Mac. ...

Did Apple go bankrupt?

But had that deal with Microsoft not been struck in 1997 and Apple had gone bankrupt, there's a good chance none of that may have come to pass. Bill Gates and Steve Jobs came together 21 years ago, when Microsoft agreed to invest $150 million in Apple stock. ...

When did Apple buy out next?

Early in 1997, Apple bought out NeXT, the PC OS company that had been created by Apple co-founder Steve Jobs, who resigned from Apple back in 1985. Initially, Apple brought back Jobs just as an advisor, but in July 1997, Jobs organized an effort to remove Gil Amelio as Apple's CEO. The company's board then put Jobs in as its interim CEO. ...

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. ...

Why did Microsoft buy the iMac?

By propping up Apple, Microsoft could argue against being a monopoly. Plus, they secured a spot for Internet Explorer on Macs. The partnership worked wonders. With Apple's newfound stability, Microsoft dodged the antitrust bullet, and Apple introduced the iMac in 1998, marking the beginning of its meteoric rise. ...