Apple Makes ‘Greatest Acquisition Ever’ By Spending $16B On Its Own Shares

Cult of Mac
By Killian BellJul 25, 2013, 9:18 am606 pts
Apple may not be snapping up big companies all over the place like Yahoo!, but it is buying lots of shares in one major corporation — itself. Last quarter, the Cupertino company spent $16 billion on 36 million of its own shares, which cost, on average, just over $444 apiece. That’s according to calculations…

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