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From: Steve Jobs
Date: Thu, 24 Jul 97 09:36:57
To: Greg Maffei
Subject: Terms
Greg,
Here is a review of the terms we last discussed, as well as some issues I have encountered.
Please ping me to let me know that you received this email.
Thanks
Steve
1 - Cash Payment of [REDACTED] (upon signing)
No issues.
2 - Stock Purchase of $150M (upon regulatory approvals)
Our Board and CFO feel strongly that any visible Microsoft hedging in the short run is unacceptable to Apple. Therefore, we suggest either a) going back to buying 4.99%
