Apple Inc. (AAPL) bids stunning $479 million for 55% share of chipmaker Renesas SP Drivers

In a bold and startling move, Apple Inc. (NASDAQ:AAPL) offered close to half a billion dollars today for a 55% controlling interest in Renesas SP Driver. The dramatic bid was tendered to the current holder of the stock, parent company Renesas Electronics, a Japanese firm. If the offer … [Read more...]