5 ms·
Just did a quick check. Apple can buy GM AND Ford with cash, and still have nearly half their reserve left over. $191.83 billion cash on hand end of October[0],
by lkbm 6y ago
Just did a quick check. Apple can buy GM AND Ford with cash, and still have nearly half their reserve left over. $191.83 billion cash on hand end of October[0], GM is 59B market cap[1], and Ford is $35B market cap.
I guess there is a premium you pay when acquiring a public company, but still astounding numbers.
[0] https://www.cnbc.com/2020/10/29/apple-q4-cash-hoard-heres-how-much-apple-has-on-hand.html https://www.cnbc.com/2020/10/29/apple-q4-cash-hoard-heres-ho...
[1] https://www.google.com/search?q=GM+market+cap https://www.google.com/search?q=GM+market+cap
[2] https://www.google.com/search?q=Ford+market+cap https://www.google.com/search?q=Ford+market+cap
- sixQuarks 6y agoYou're not factoring in debt. GM and Ford have a combined $300 billion in debt.