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by nl
1151 days ago
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MS buying Apple stock involved a pretty complicated deal that also involved settling a number of court disputes between the two companies, Apple agreeing to ship Internet Explorer for Mac (rather than Netscape) and MS agreeing to ship Office for at least 5 more years. At the time and subsequently it was absolutely seen as a lifeline. For example: > Providing the biggest sign of hope yet for ailing Apple Computer, Microsoft today announced it was forging a new era of cooperation with its longtime rival that includes an investment of $150 million. [snip] News of the alliance sent Apple's stock up $7 a share, or 35 percent https://archive.seattletimes.com/archive/?date=19970806&slug... |
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