Apple Takes $150 Million from Microsoft | WIRED

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Redmond will buy non-voting shares in its main OS competitor, presumably to keep up software sales. Apple's board is also getting an overhaul, with kingmaker Markkula out.

Save this story Save this story Your destiny lies with me, Skywalker. - Darth Vader Apple got a cadre of new leaders and a financial boost Wednesday as the company announced four new board members and a surprise US$150 million investment by Microsoft. Apple's stock surged $6.56 to close at $26.31 - a rise of 33 percent - in the wake of the announcements. Of course, Microsoft had already set its buying price based on "an average of recent trading," said Microsoft CFO Greg Maffei, meaning the Redmond Empire got a hell of a deal by buying into Apple just after the stock hit an all-time low of $13

Apple Takes $150 Million from Microsoft | WIRED

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