Article 6HBFC Microsoft just paid $76 million for a Wisconsin pumpkin farm

Microsoft just paid $76 million for a Wisconsin pumpkin farm

by
Amrita Khalid
from The Verge - All Posts on (#6HBFC)
STK095_Microsoft_03.0.jpg Illustration: The Verge

A Wisconsin family has agreed to sell 407 acres of their land, which includes a local pumpkin farm attraction, to Microsoft - for a total of $76 million, reported the Milwaukee Business Journal. The local government initially offered the Creuziger family in Mount Pleasant, Wisconsin about a third of that sum in 2017 as a part of an agreement with the Foxconn Technology Group. But the family refused, opting to hold out for a better offer.

The family wishes the village and Microsoft well, and they would appreciate people respecting their privacy," the family's attorney David Barnes told the Business Journal.

Microsoft's payout is significantly larger than the land's current valuation. The Creuziger family's land was originally valued at...

Continue reading...

External Content
Source RSS or Atom Feed
Feed Location http://www.theverge.com/rss/index.xml
Feed Title The Verge - All Posts
Feed Link https://www.theverge.com/
Reply 0 comments