Microsoft investment saves Apple: Today in Apple history - Cult of …

Aug 6, 2024 · News; Bill Gates looking like the cat that got the cream. Photo: Apple. August 6, 1997: In one of the most famous moments in Apple history, Steve Jobs reveals a $150 million Microsoft investment ...

$150
OFF

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

2 weeks from now

cultofmac.com

$150
OFF

Bill Gates Saved 'Rival' Apple From Bankruptcy By Investing $150 ...

2 weeks from now

Oct 15, 2024 · Gates stepped in with a $150 million investment, a move that saved Apple and became one of the most talked-about moments in tech history. ... co-founder of Microsoft, …

yahoo.com

$150
OFF

How Microsoft Saved Apple From Bankruptcy - Slidebean.com

2 weeks from now

Oct 13, 2020 · Apple took a $150M investment in non-voting stock, from Microsoft. Not everybody at Microsoft agreed, though. Dell CEO and founder Michael Dell, one of Microsoft's biggest …

slidebean.com

$227
OFF

How Microsoft Saved Apple (And Why They Did It) - Medium

2 weeks from now

Oct 7, 2019 · Today, Apple’s stock price is roughly $227 apiece, which would make Microsoft’s former stake be worth 57 and a half billion dollars today. If you enjoyed reading this content, …

medium.com

$150
OFF

1997: Steve Jobs Was Wrong And Microsoft Saved Apple

2 weeks from now

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

$150
OFF

In 1997 Microsoft Saved Apple From The Brink With A $150 Million ...

2 weeks from now

Aug 18, 2020 · Perhaps most importantly, Microsoft would be injecting a $150 million cash investment by purchasing Apple stock. This deal was hard for both Apple and Windows …

celebritynetworth.com

FAQs about Microsoft investment saves Apple: Today in Apple history - Cult of … 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. ...

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. ...

Did Microsoft save Apple?

At the time that Microsoft saved Apple, Microsoft was by far and away the larger of the two companies. That standing has since flipped: Apple's market capitalization is $839 billion and Microsoft's is $560 billion. The 1997 deal didn't end the competition between the two tech companies. ...

What happened with Apple shares Microsoft?

As to what happened with the Apple shares Microsoft had, well, Bill Gates got rid of them as soon as they had served their purpose. Once the Department of Justice had settled with Microsoft, Bill Gates converted his preferential nonvoting Apple shares into regular stock. ...

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. ...

Is Microsoft trying to acquire apple?

Notice the keyword here, nonvoting. Microsoft wasn’t trying to acquire Apple. Instead, it was just funding it, but it wasn’t just cash that Bill Gates was offering. The second part of this is Microsoft is committing to releasing Microsoft Office on Macintosh for the next five years. ...