FACT CHECK #RL2YYSAN

WHAT WE FOUND

Apple announced the acquisition of NeXT Software on December 20, 1996 34. The transaction, valued at approximately $400 million to $429 million, was finalized in early 1997 12510. This strategic move was largely motivated by Apple's need for a new operating system to replace its struggling software 811. Most importantly, the acquisition directly facilitated the return of Steve Jobs to the company he co-founded, over a decade after his departure following an internal power struggle 147. While some sources cite a figure of $400 million 25, high-credibility reporting notes the total was $429 million 1. Following the deal, Jobs initially returned as an advisor before becoming the interim CEO in July 1997 29.

SOURCES

1. 1 · thecorporategovernanceinstitute…ACADEMIC
   Why did Apple's board fire Steve Jobs in 1985? | Corporate Governance | CGI

   TIER A

2. 2 · en.wikipedia.orgWEB
   Steve Jobs - Wikipedia

   TIER B

3. 3 · cultofmac.comWEB
   Today in Apple history: NeXT buyout brings Steve Jobs back to Cupertino

   TIER B

4. 4 · macrumors.comWEB
   25 Years Ago, Apple Acquired NeXT and Brought Back Steve Jobs - MacRumors

   TIER B

5. 5 · businessinsider.comWEB
   20 years ago Apple re-hired Steve Jobs by buying his struggling startup for $400 million

   TIER B

6. 6 · appleinsider.comWEB
   Looking back at Steve Jobs's NeXT, Inc — the most successful failure ever | AppleInsider

   TIER B

7. 7 · fortune.comWEB
   Steve Jobs Sold NeXT to Apple 20 Years Ago | Fortune

   TIER B

8. 8 · investopedia.comWEB
   Steve Jobs: From Apple's Founding to a Tech Revolution

   TIER B

9. 9 · inc.comWEB
   Steve Jobs Made a Brilliant Change When He Returned to Apple. It Changed the Company Forever

   TIER B

10. 10 · forums.macrumors.comWEB
    25 Years Ago, Apple Acquired NeXT and Brought Back Steve Jobs | MacRumors Forums

    TIER B

11. 11 · commoncog.comWEB
    Jobs's Second Act at Apple - The Next Big Thing - Commoncog Case Library

    TIER B