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607 points givemeethekeys | 1 comments | | HN request time: 0s | source
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MyOutfitIsVague ◴[] No.44990202[source]
> the government made an $8.9 billion investment in Intel common stock, purchasing 433.3 million shares at a price of $20.47 per share, giving it a 10% stake in the company

> The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars

I don't understand. Can somebody explain to me how the government made an investement, bought shares, but paid nothing?

replies(6): >>44990265 #>>44990304 #>>44990311 #>>44990325 #>>44990454 #>>44990908 #
1. mkoubaa ◴[] No.44990454[source]
They're nationalizing it