Apple purchases former HP campus in Cupertino

Apple has confirmed the purchase of a 98-acre site near its existing headquarters in Cupertino, CA. The site has served as a longtime campus for rival tech company Hewlett-Packard, and sits across the street from a 50-acre site that Apple acquired in 2006 and had previously announced as the location for a planned second campus. “We now occupy 57 buildings in Cupertino and our campus is bursting at the seams,” Apple spokesman Steve Dowling told the San Jose Mercury News. “These offices will give us more space for our employees as we continue to grow.” Apple and HP declined to give the sale price or any specifics of the transaction, although local real estate experts suggest the asking price may have been $300 million or more.