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Apple to Invest in Facebook? Facebook says “No”.
- fungi 16y agoJobs unlikely to overstretch Apple cash ~> http://www.ft.com/cms/s/2/af7178e4-df89-11df-bed9-00144feabdc0.html http://www.ft.com/cms/s/2/af7178e4-df89-11df-bed9-00144feabd... "Apple chief executive Steve Jobs’s declaration last week that the technology company wants to hold on to its $51bn in cash and securities because it sees “strategic opportunities” ahead, has provoked speculation about what it might acquire.
- michaelchisari 16y agoApple has always been very conservative and exceedingly smart when it comes to buyouts, and a takeover of Facebook seems unlikely, to say the least. Purchasing a company with a current P/E ratio of 500 to 1000, in an industry Apple has little experience with, seems like it would be very uncharacteristic. I could be wrong, but I think this is a good example of a baseless rumor that won't go away.
- MichaelApproved 16y agoI wonder how much the microsoft investment has to do with them refusing apple money, if any at all.