A quick look back at when Microsoft invested $150 million in Apple 26 years ago

Topic

New Reply

https://www.neowin.net/news/a-quick-look-back-at-when-microsoft-invested-150-million-in-apple-46-years-ago-today/

1997 was a major year in the history of Apple, and indeed in the entire computer and tech industry. The company had been near bankruptcy after several poor years of sales of its Macintosh products. It also saw the rise of Intel-based PCs running Microsoft’s Windows operating system…

Apple needed some cash to jumpstart the company into new ventures. 26 years ago today, on August 6, 1997, Jobs was on stage at the MacWorld event in Boston, when he announced something that no one in that audience expected; a partnership with Microsoft that included a $150 million investment in Apple…

Microsoft’s $150 million investment meant that it owned seven percent of Apple with 150,000 shares of preferred stock. Microsoft had pledged to continue to own shares in Apple for three years. 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…what if Microsoft had kept that relatively small amount of ownership Apple until today? ..

Microsoft would have owned 1.013 billion shares in Apple if it stuck with its investment until today. Its stock closed on Friday at $181.99 a share. That means Microsoft’s $150 million investment would have been worth a whopping $184,465,064,000 today…

3 users thanked author for this post.

joltar, BobbyB, AlphaCharlie

Reply | Quote