Apple Acquires NeXT Computer

Apple Acquires NeXT Computer

In a stunning move, Apple Computer (AAPL) said tonight that it will purchase Next Software in a $400 million deal that will bring former Apple CEO Steve Jobs back to the company he cofounded.

Apple will pay about $350 million in cash and stock for the privately held Next to purchase that company's shares and an additional $50 million to cover its debts.