Apple's latest acquisition is the longtime Cupertino campus of rival tech giant Hewlett-Packard for around the asking price of $300 million. 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.
Apple has been looking for space and has finally aquiered the aging HP campus which's adjacent to additional land in Cupertino that Apple bought in 2006.
An Apple spokesman confirmed his company purchased the land. "We now occupy 57 buildings in Cupertino and our campus is bursting at the seams," said Apple's Steve Dowling. "These offices will give us more space for our employees as we continue to grow."
Cupertino has been Apple's home base for more than 30 years, since co-founders Steve Jobs and Steve Wozniak moved their business there in 1977, about a year after they started in Jobs' parents' garage in nearby Los Altos.