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Their largest acquisition so far. (Was Apple's purchase of NeXT bigger than this deal relative to their value at the time?)
by goatforce5 12y ago
Their largest acquisition so far.
(Was Apple's purchase of NeXT bigger than this deal relative to their value at the time?)
- aaronbrethorst 12y agoAAPL had a market cap of about $20bn on December 20, 1996 when they acquired NeXT for $429mm + 1.5mm shares of AAPL (the share price on 12/20/96 was $23.50). So the deal had a total value of $464.25mm, or about 2.5% of AAPL's market cap. $3bn out of $537bn is a couple orders of magnitude smaller. sources: http://en.wikipedia.org/wiki/NeXT#1996:_After_NeXT http://en.wikipedia.org/wiki/NeXT#1996:_After_NeXT, https://www.google.com/finance?q=AAPL https://www.google.com/finance?q=AAPL and some arithmetic.