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Apple buys HP’s 98-acre Cupertino campus

Apple has purchased new facilities from HP in Cupertino, California in an effort to expand its facilities, Mercury News is reporting. Apple spokesperson Steve Dowling said that Apple now occupies a total of 57 buildings in Cupertino and that Apple is “bursting at the seams,” with employees. The purchase will give Apple an additional 98 acres of land and the existing facilities, once occupied by HP. Apple currently has a 35-acre campus. The price that Apple paid HP was not announced, and Apple, in September, reported that it had 46,600 full-time employees. “Local real estate experts said HP’s asking price may have been $300 million or more, but they also said the final amount may have been less because of the sluggish commercial real estate market,” Mercury News said. The purchase reportedly makes Apple Cupertino’s largest land owner.

source: Mercury News, via: PC Mag