This Day in History
August 6, 1997
Microsoft buys $150M of Apple stock
In an effort to help save Apple Computer and possibly deflect criticism in its own anti-trust trial, Microsoft Corp. buys $150 million in shares of Apple Computer Inc. Apple, which had been struggling to find direction and profits for years, agreed to the boost in funding with terms that dictated cooperation in the design of computers as well as shared patents. Microsoft agreed to continue supporting MS-Office for the Mac for another five years as well.