3 ms·
An Apple spokeswoman confirmed the deal but wouldn't comment further. "Apple buys smaller technology companies from time to time, and we generally do not discus
by mbesto 13y ago
An Apple spokeswoman confirmed the deal but wouldn't comment further. "Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans," she said without elaborating further.
Question for those more experienced here, but doesn't "purpose or plans" of acquisitions generally fall under things that you have a duty to share with your shareholders?
- aaronblohowiak 13y agoDepending on the acquisition cost as a percentage of market cap, not really.
- bobbles 13y agoAFAIK they are able to stay fairly quiet unless the purchase reaches a certain threshold amount.
- brown9-2 13y ago"Duty" is somewhat subjective. They also have a "duty" to those shareholders to keep those plans secret if they deem that secrecy is beneficial for the business plans.
- pbreit 13y agoNot on a spend as small as that (0.04% of market cap).