Fake news: No, Google did not buy Apple for $9 billion

Fake news: No, Google did not buy Apple for $9 billion

Wall Street almost got on fire earlier today, and not because of a deliberate arson but due to a rather curious mistake that would be quite far-fetched even for an April's Fools prank. A mishap of the Dow Jones newswire almost produced one of the biggest news in the technology space ever by claiming Google has acquired Apple for the rather lowly sum of... $9 billion, which is around a hundred times less than Cupertino's 2017 market valuation of more than $805 billion.

“In a surprise move to anyone who is alive, Google said it’s going to buy Apple for $9 billion,” the erroneous piece claimed. “Google Chief Executive Larry Page had secret talks with the now-deceased Steve Jobs in 2010 to firm up the deal... Obviously Google will move into Apple’s fancy headquarters. Google employees said, ‘Yay’"

As such a buyout is obviously fake news, Wall Street did not buy into the erroneous report. However, Apple's shares soared to around $158 for a while but later on subsiding and closing at $155.84.

Dow Jones representative later on revealed that the headlines that got published "were accidentally published as part of a technology test” that took a wrong turn as these "were never intended for publication." An official statement from the company also urged readers not to buy into the erroneous claims: “Please disregard the headlines that ran on Dow Jones Newswires between 9:34 a.m. ET and 9:36 a.m. ET. Due to a technical error, the headlines were published. All of those headlines are being removed from the wires. We apologize for the error.”

Dow Jones CEO Wlliam Lewis also told Gizmodo that he is taking this inadvertent and erroneous publication of testing materials extremely seriously. "While immediate corrective action has been taken, I have also ordered a review of news and technology processes in this area," the executive also said.

source: 9To5Mac via Gizmodo

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19 Comments

1. iushnt

Posts: 3049; Member since: Feb 06, 2013

Currently no company can afford to buy Apple.

8. Nathan_ingx

Posts: 4766; Member since: Mar 07, 2012

I may not like Apple but this is the truth... And I think Apple is one company that will not be bought nor sold, at least, not to Google, and not for 9 billion, nada...unless they file for bankruptcy. Which I don't see happening in many years to come. People need to come up with something more interesting, even if it's fake.

13. uncle_gadget

Posts: 1050; Member since: Sep 20, 2017

No one wants to buy them or have ever wanted too.

17. GeekOFW

Posts: 59; Member since: Dec 14, 2016

Stupid post.

2. vincelongman

Posts: 5601; Member since: Feb 10, 2013

Buying Apple for only $9 billion, less than half of WhatsApp lol That would be the biggest steal ever

3. Phantom1031

Posts: 263; Member since: Aug 02, 2014

These two tech companies can't buy each other, even no one can buy them at this point of time, they are giant. Fake news

4. hamaidx

Posts: 76; Member since: Apr 28, 2015

No one wants to eat a rotten apple anyways... Good that Google has someone to pee on... Google just laid the smack down on icrap with their latest & greatest gadget with a single lens Suckaaaaaaa !!

6. darkkjedii

Posts: 30778; Member since: Feb 05, 2011

The goal in big business is the bottom line...profits. how is Google peeing on Apple?

14. uncle_gadget

Posts: 1050; Member since: Sep 20, 2017

All of Google money isn't tied to one product?!

18. GeekOFW

Posts: 59; Member since: Dec 14, 2016

Yet, Apple still managed to make more than Google. Also, Apple is worth way more than Google right now. What's your point?

10. T12RYK

Posts: 849; Member since: Jun 10, 2011

Too bad it well never sell half as well as any iPhone 8 (I won't even mention the iPhone X)

15. uncle_gadget

Posts: 1050; Member since: Sep 20, 2017

Who cares? WHY WAIT!!! Only people like you. Just because no one sells more hamburgers than McDonald's, does that mean they make the best hamburger? Just because no one sells more soda than Coca Cola, does that mean its the best soda ever? Just because Toyota sells more cars than Porsche, does that mean they have a better car? They are all where they are because of popularity and high brand recognition. The only companies I feel actually make the very best products that are sold in high numbers and there is NOTHING better is Microsoft's Windows and Intel Pentium. They are where they are because they simply are the best option for their product category. No one makes a better CPU than Intel for the desktop and no one has a better OS than Windows.

19. T12RYK

Posts: 849; Member since: Jun 10, 2011

Wow! What a useless rant! iPhone not only sells BETTER, but has better user satisfaction results than Samsung year after year! In all that waffle you've spewed, I do agree with point about Microsoft Windows and Intel. BTW if you're hungry or thirsty then I suggest you go buy some food (using Apple Pay!) :-P

5. darkkjedii

Posts: 30778; Member since: Feb 05, 2011

That's funny.

7. whatev

Posts: 2111; Member since: Oct 28, 2015

9. kabilan.ravi

Posts: 21; Member since: Apr 08, 2013

Stupid post.

11. Boybawang

Posts: 204; Member since: Jun 02, 2013

Fake news means Minecraft + Candycrush is more expensive than Apple. lol!

12. Podrick

Posts: 1283; Member since: Aug 19, 2015

This would be a suitable news for April 1st. Too soon.

16. GeekOFW

Posts: 59; Member since: Dec 14, 2016

Whoever spread this fake news either knows nothing or didn't do his home work.

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