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Today in Apple history: NeXT buyout brings Steve Jobs back to Cupertino

  • December 20, 1996: Apple Computer buys NeXT, the company Steve Jobs founded after leaving Cupertino a decade earlier.
  • The deal costs Apple $429 million and brings back Steve Jobs as a major part of the acquisition.
  • Jobs initially wasn't intended to be Apple's CEO, but less than a year later, he becomes the new CEO.
  • The acquisition also includes NeXTSTEP, an operating system that later becomes the basis for OS X and macOS.

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