Dow Jones blames technical error for headlines claiming Google is buying Apple


No, it's fake news, and we don't have Facebook to blame for it, or at least not directly.

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.

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Dow Jones provided the following statement to 9to5mac: "Please disregard the headlines that ran on Dow Jones Newswires between 9:34 a.m. ET and 9:36 a.m. ET". The story claimed that Apple founder Steve Jobs put the purchase price-an absurdly small $9 billion-in his will.

Apple Inc. has a current market capitalization of approximately $800 billion so the fake bid would likely have been rejected without question anyway.

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The news story prompted a brief spike in Apple share's as prices rose from $156 (£118) to $158 (£119) before slumping back down again in the two minutes the story was published. The opening part of the first sentence makes it pretty clear that the article is satire, however, as it reads, "In a surprise move to everyone who is alive..."

The story said that "the deal was announced when Jobs's will was read in Cupertino, California". He passed away in October 2011, so even if the headlines about Google buying Apple were true, the announcement would've been made years ago.

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In a weird quote, Google employees are stated to have said "yay" when they found out they were moving to "Apple's fancy headquarters". "All of those headlines are being removed from the wires", Severinghaus said in the statement.