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How much would it cost for Apple to take a 10% stake in Toyota? Doesn't Apple have a couple hundred billion dollars just lying around in cash?
by jononomo 4y ago
How much would it cost for Apple to take a 10% stake in Toyota? Doesn't Apple have a couple hundred billion dollars just lying around in cash?
- restore_creole_ 4y agoThat would be around $19 billion and Apple has around $40 billion on hand. Although I think the culture of Japan would cause more difficulties other than having enough money to afford it.
- smileysteve 4y agowhy buy 10% of Toyota when they could buy 100% of Ford (49.7bn market cap) with 90% cash on hand.
- jononomo 4y agoBecause Toyota makes reliable cars. As I noted above, I would never buy a car that is not a Toyota. If you want to be flashy, you get a BMW, but it you want to fight a war in the Middle East you get a Toyota Land Cruiser. Don't dismiss the reliability of Toyotas -- they really have it figured out.