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World of Technology News and Products

TECHDAY 6 August A surprising alliance

On this TECHDAY in history, in 1997 an unexpected alliance was announced. Microsoft acquired 150 million dollars worth of shares of Apple Inc., in a move motivated not only by its desire to help the then-troubled computer maker corporation, but also possibly to deflect some criticism from its own trial. Apple, which had been struggling for some years to find a direction and profits, agreed to this boost in funding, with terms that dictated cooperation in the design of computers as well as shared patents. Microsoft had also decided to continue developing its Office program for Mac computers for another five years.

Author: pc.gr

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