Cash-Rich Tech Companies Can’t Help Tapping U.S. Debt Markets

  • 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.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.