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Re:Apple Said to Work on Mac Chip That Would Lessen Intel Role by acdha on Wednesday February 01, 2017 @05:36PM (#13546085)
I believe this is the agreement you're referring to and it looks like it applies even to a change in ownership of 50% of the company:

https://www.sec.gov/Archives/edgar/data/2488/000119312509236...

Re:Apple Said to Work on Mac Chip That Would Lessen Intel Role by bitmapbrother on Wednesday February 01, 2017 @05:55PM (#13546228)
Does Apple even need to own a majority ownership to control the company? Couldn't they just purchase 49.9% of the company and set up the board of directors in their favor? With that much stake getting the company to do what you want it to do wouldn't be that difficult it seems.