Nearly 20 Years Ago, Microsoft Sold Its Apple Stock for $550 Million–and Left $120 Billion on the Table

In 1997, Steve Jobs famously returned to a struggling Apple. Apple company’s stock was at a 12-year low. The company was hemorrhaging cash. According to Jobs, “We were 90 days from going bankrupt.” One of his first goals was to convince Microsoft to keep building new versions of Office for the Mac.

Link: Nearly 20 Years Ago, Microsoft Sold Its Apple Stock for $550 Million–and Left $120 Billion on the Table
via http://www.inc.com

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