Apple acquires NeXT
Year: 1996
Acquisition Price: $429 million
Industry: Computer Hardware and Software
In 1996, Apple purchased the computer firm NeXT for $429 million. NeXT was founded by Steve Jobs after he was forced out of Apple in 1985, and the acquisition saw Steve Jobs return to Apple as CEO.
Upon his return, Steve Jobs restructured the company’s board of directors and oversaw the development of Apple’s new operating system, Mac OS X.