Historically, Apple doesn’t go in for big acquisitions or mergers, but Horace Dediu looks at Apple’s biggest acquisition ever. You’ll be surprised at what it cost.
Apple has committed to buy $16 billion worth of its shares but has not completed the retirements. They see an additional 11 million shares being retired from activities conducted in the June quarter.
$16-billion to buy the company’s own stock.
But what is even more interesting is that if we consider the $16 billion expenditure as an acquisition, then Apple has made what amounts to its biggest. It’s more than some familiar companies are worth
For example, Adobe’s market cap is just over $24-billion, Dell’s is $22-billion, Nokia barely $15-billion, and Radio Shack a paltry $270-million.