Thursday, July 25, 2013

Apple’s latest major acquisition: Apple

Posted by el innovator Posted on 6:03 AM No comments
Philip Elmer-DeWitt, writing for Fortune:
Last quarter, Apple finally made a major acquisition. And what did it buy?
It bought Apple.
By my calculation, the company spent $16 billion last quarter ($4 billion in cash, $12 billion through the so-called accelerated share repurchase program) to purchase 36 million of its own shares at an average price of just over $444.
For that amount, Apple could have bought three Nokias or three BlackBerrys…
Maybe Apple will pull a Dell and go private at some point?
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