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This was addressed in one of the Apple Expo's by Jobs but for some reason I can't find any info on it.
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The $150 mil was an agreement between Apple and Microsoft. Microsoft would develop Office software for Apple and Apple would drop their "likeness" lawsuits.
The contract was for 5 years and ended in early 03. So, Jobs sold the stock (he could do so because it was a non-voting option that Gates invested in). Basically, it was a $150 million loan.