Today in Apple history: Microsoft throws Apple a $150 million lifeline

August 1997: In one of the most famous moments in Apple history, Steve Jobs reveals that Microsoft invested $150 million in its rival. 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.

Link: Today in Apple history: Microsoft throws Apple a $150 million lifeline
via http://www.cultofmac.com

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