Picture 18.png
Uncle Bill got a chilly welcome from Apple's shareholders
It was August 6, 1997, Microsoft was being sued by the federal government, and Apple was

"/>

This Day in History: Microsoft Bails Out Apple

Picture 18.png
Uncle Bill got a chilly welcome from Apple's shareholders
It was August 6, 1997, Microsoft was being sued by the federal government, and Apple was struggling. No one had even heard of an iPod. Apple CEO Steve Jobs announced to the company's shareholders that Microsoft was buying $150 million in non-voting shares of Apple stock, and guaranteeing to support Office for the Mac for five years. In exchange, Apple agreed to drop a lawsuit against Microsoft and to make Internet Explorer the default browser on Mac OS. (This gave Explorer a leg up on its main competitor--Netscape Navigator. How's that for a blast from the past?)

Jobs did all this with a giant video screen showing a live feed of Bill Gates looming behind him, prompting jeers from the Apple faithful. Wired has the full story. Video of the announcement is after the jump, in case you've got 12 minutes to kill and enjoy watching late-90s geeks on an emotional roller-coaster:

 
comments powered by Disqus

Friends to Follow