Cash-Rich Tech Companies Can’t Help Tapping U.S. Debt MarketsBy and
Google sold $2 billion of 10-year notes Tuesday to repay debt
In last week, Microsoft and Apple have also sold bonds
Technology companies from Apple Inc. to Microsoft Corp. have sold more than $100 billion of debt this year even as they sat on more than half a trillion dollars of cash. They did it for two reasons: they wanted to avoid paying taxes, and because they could.
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