Published: Wed, October 11, 2017
Hi-Tech | By Ellis Neal

Dow Jones posts fake story claiming Google was buying Apple ars_ab.settitle(1183929)

Dow Jones posts fake story claiming Google was buying Apple ars_ab.settitle(1183929)

The Apple-centric site 9to5mac was the first to break the news.

According to the fake news stories, Apple co-founder Steve Jobs arranged the tie-up between the two companies in his will.

In a freakish quote, Google employees are stated to have said "yay" when they found out they were moving to "Apple's fancy headquarters". The bogus headline was accidentally sent out to Dow Jones subscribers around the world on Tuesday morning. Supposedly, Google is buying Apple for a mere $9 billion, which is quite hilarious given that Apple's market capitalization stands at $803.6 billion, and some have seen a $1 trillion market cap as being within striking distance for the iPhone maker.

The technical error resulted in a ludicrous story stating Google acquiring its biggest competitor for $9billion (£6.8billion) and that each Google shareholder would be entitled to nine shares of Apple stock.

The internet would collectively lose its marbles if it was told out of the blue that Google had bought Apple. The story also refers to "Google Chief Executive Larry Page", a position he hasn't held since Google's parent company Alphabet was created in 2015. The deal was announced when Jobs's will was read in Cupertino, Calif.

It ended with the claim that "Google employees said "Yay". Dow Jones, a subsidiary of News Corp., asked subscribers to "disregard the headlines" and removed the erroneous reports from the newswire. "We apologize for the error".

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