Apple could have bought nearly any company in the world with all its US$ 160 billion in cash.
It could have bought NVIDIA for some US$ 10.3 billion (http://finance.yahoo.com/q?s=NVDA) or even Intel for US$ 131.1 billion (http://finance.yahoo.com/q?s=INTC). Or Disney, for US$ 142.9 billion (http://finance.yahoo.com/q?s=DIS). Or Amazon for US$ 132.7 billion (http://finance.yahoo.com/q?s=AMZN).
Why did it have to buy this company for US$ 3.2 billion? Does it make sense? It doesn't, in my mind.
It could have bought NVIDIA for some US$ 10.3 billion (http://finance.yahoo.com/q?s=NVDA) or even Intel for US$ 131.1 billion (http://finance.yahoo.com/q?s=INTC). Or Disney, for US$ 142.9 billion (http://finance.yahoo.com/q?s=DIS). Or Amazon for US$ 132.7 billion (http://finance.yahoo.com/q?s=AMZN).
Why did it have to buy this company for US$ 3.2 billion? Does it make sense? It doesn't, in my mind.