Quote:
Originally Posted by borked
This is very unclear - Apple did sell them $150m of nonvoting stock back in 2003, which was converted by MS for a healthy profit in 2005. It's not clear how much MS now owns, but it's far from a 'good' share.
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Do your homework chief.
From Apple's 2003 SEC filing:
"
In August 1997, the Company and Microsoft Corporation (Microsoft) entered into patent cross license and technology agreements. In addition, Microsoft purchased 150,000 shares of Apple Series A nonvoting convertible preferred stock ("preferred stock") for $150 million. These shares were convertible by Microsoft after August 5, 2000, into shares of the Company's common stock at a conversion price of $8.25 per share. During 2000, 74,250 shares of preferred stock were converted to 9 million shares of the Company's common stock. During 2001, the remaining 75,750 preferred shares were converted into 9.2 million shares of the Company's common stock."
