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

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 …

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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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Apple Takes $150 Million From Microsoft - WIRED

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Aug 6, 1997 8:38 AM. ... Apple's stock surged $6.56 to close at $26.31 - a rise of 33 percent - in the wake of the announcements. Of course, Microsoft had already set its buying price based …

wired.com

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

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Aug 6, 2009 · http://www.wired.com/thisdayintech/2009/08/dayintech_0806/ 1997: Microsoft rescues one-time and future nemesis Apple with a $150 million investment that breathes new ...

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FAQs about Aug. 6, 1997: Apple Rescued — by Microsoft - WIRED Coupon?

How did Microsoft help Apple in 1997?

1997: Microsoft rescued struggling Apple with a $150 million investment. Apple co-founder Steve Jobs secured needed cash and an assurance that Microsoft would support Office for the Mac. ...

What happened to Microsoft & Apple?

So the deal was struck. Microsoft agreed to invest $150 million in Apple stock. The companies agreed to settle all outstanding litigation and cross-license patents, while making Microsoft Office available for the Macintosh, and making the Internet Explorer the default browser — but not the only one — on the 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. ...

Why did Apple drop its lawsuit against Microsoft?

Apple agreed to drop a long-running lawsuit in which they alleged Microsoft copied the look and feel of the Mac OS for Windows and to make Internet Explorer the default browser on its computers — but not the only choice. Microsoft got to look like a noble competitor, for a change, for what amounted to a rounding error on their annual revenues. ...

When did Microsoft sell its stock to Apple?

As for that $150 million investment, Microsoft sold that stock back to Apple by 2003 as per the arrangement the pair had struck. As of May 2014, according to Engadget, Microsoft's Apple stake would have been valued at $21.86 billion, had they held it. ...

Why did Microsoft invest in Apple in 1997?

On August 6, 1997, Microsoft made a major investment in Apple by buying $150 million in non-voting Apple stock and promising to hold that stock for three years. They also promised to support Microsoft Office on the Mac for at least five years. ...