Mercury News reports that Apple finalized the purchase of a 98-acre land in Cupertino California. The land belonged to HP. According to the report Apple spent about $300 million for the property.
At a time when Apple is adding new workers almost as fast as it sells new iPhones and iPads, the pioneering computer maker has made a 98-acre land purchase that will roughly double the size of its home base in Cupertino.
Apple’s latest acquisition is the longtime Cupertino campus of rival tech giant Hewlett-Packard, the Mercury News learned Wednesday. HP announced over the summer that it planned to move out of that site, which it had occupied for decades, as it consolidates operations at its Palo Alto headquarters over the next two years.
HP announced the sale this week but refused to identify the buyer. An Apple spokesman confirmed his company purchased the land. ”We now occupy 57 buildings in Cupertino and our campus is bursting at the seams. These offices will give us more space for our employees as we continue to grow,” said Apple’s Steve Dowling.
Source: Mercury News
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