▲ | ljosifov 5 days ago | |
On selling of the ARM stake - asked ChatGPT: Q> And latter - was it that it looked that Apple maybe in danger of going under, and then they sold their ARM stake and got a cash injection that way? A> And yes. In the late-1990s turnaround, Apple sold down its ARM stake in multiple tranches after ARM’s 1998 IPO, realizing hundreds of millions of dollars that helped shore up finances (alongside the well-known $150 million Microsoft deal in Aug 1997). |