What ever became of Microsoft's $150M investment in Apple?
In 1997, Microsoft invested $150 million in Apple as part of a historic agreement to support the company. This investment allowed Microsoft to acquire shares of Apple, which they later sold by 2003. Had Microsoft retained their shares, they would be worth approximately $21.86 billion today due to Apple's significant stock price increase.
- ▪In 1997, Microsoft and Apple entered into a historic agreement that included a $150 million investment from Microsoft.
- ▪Microsoft's investment netted them 150,000 shares of preferred stock, which were converted to common stock by 2001.
- ▪If Microsoft had held onto their shares, they would be worth around $21.86 billion today due to Apple's stock splits and price increases.
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Big Tech What ever became of Microsoft's $150 million investment in Apple? By Yoni Heisler May 20, 2014 4:00 pm EST #pb5caf6fc3817eb756c922bb1716ac5da, #pb5caf6fc3817eb756c922bb1716ac5da img { aspect-ratio: 1200/967; height: auto; } In August of 1997, Apple and Microsoft decided to put the past behind them and focus on the future. At that year's Macworld event, Steve Jobs and Bill Gates announced that the two companies had entered into a historic agreement. In addition to agreeing to a broad patent cross-licensing agreement, Microsoft promised to support Microsoft Office for the Mac for 5 years while Apple agreed to make Internet Explorer the default web browser on the Mac. Microsoft also promised to invest approximately $150 million for shares of Apple non-voting preferred stock.
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