Apple Computers' stock rose yesterday on renewed speculation that the troubled computer maker was trying to sell itself to a bigger company.
On Wednesday, Saudi billionaire Prince alWaleed bin Talal revealed he had bought a 5 per cent stake in Apple for 115 million because he expected the company to turn itself around.
However, the New York Times, citing unnamed Apple sources, reported yesterday that Apple was actively seeking to sell itself and had approached high performance computer maker Sun Microsystems again. Sun tried to buy Apple in late 1995, but negotiations fell apart over price.
Last week, software billionaire Mr Larry Ellison, chairman of Oracle, said he intended to form an investor group to try to buy a majority stake in Apple, take control of the company and revamp it with a new management team.
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