Had Microsoft not sold its $150 million in Apple stock, it’d be worth over $120 billion today
Nearly 20 years ago, Microsoft sold its Apple stock for $550 million, leaving some $120 billion on the table.
Steve Jobs (left) and Bill Gates.
Jeff Haden for Inc.: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… F
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