![]() The deal was all the more remarkable because Gates and Jobs did not see eye to eye on most issues. Remember, that was a princely investment in those days. It was in early August 1997 that Microsoft rescued Apple from the brink with a life line of $150 million. ![]() However, Apple made some disastrous decisions, including firing Jobs at one point of time, to end up almost on the verge of bankruptcy. Both Gates and Jobs were of the same age and both had a different view of computing. Why are we raising this topic today? August first week marks the 25th anniversary of one of the most visionary bail outs in world business history. Interestingly, it was Microsoft that rescued Apple back then. Just about 25 years ago, Apple was on the verge of bankruptcy and this was long before iPads and iPhones. Incidentally, that is about 60% more than the market cap of the entire Bombay Stock Exchange. ![]() ![]() Between them, Microsoft and Apple command a combined market capitalization of almost $5 trillion. Today, most people know of Microsoft and Apple as competitors and also as two of the most valuable companies in the world. ![]()
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