If anything is constant in the business world; is the concept of mergers. It very normal for Giants in the industries to buy out (or merge) with the under dogs that are full of potential. Big firms recognize a potential competitor and so they make move to either crush or collaborate with such.
Over times the world has witnessed lots of merger especially in the technology industry, some of which I must say are mind blowing!
No too much talk, check out the biggest acquisition in the tech industry.
Dell Inc agrees to buy EMC for $67 billion in 2015
The new deal is expected to close sometime during the middle of 2016. The precise value will depend on the value of a “special stock” included in the deal that tracks the share price in virtual software provider VMWare Inc, which is owned by EMC.
Avago Technologies agrees to buy Broadcom for $37 billion in 2015
Avago Technologies announced it would buy rival chipmaker Broadcom in May 2015. The combined company, Broadcom, will be based in Singapore and will be the third-largest US semiconductor-maker by revenue, behind Intel Corp and Qualcomm.
Microsoft buys LinkedIn for $26.2 billion in 2016
Microsoft is purchasing LinkedIn for $26.2 billion in cash. The deal, which has already been approved by the two companies’ boards, is expected to be completed by the end of the year.
Facebook buys WhatsApp for $22 billion in 2014
The multibillion-dollar Facebook acquisition of the mobile messaging service Whatsapp was the largest deal ever for a venture capital-backed company.
VeriSign buys Network Solutions for $21 billion in 2002
Security software-maker VeriSign acquired the internet-name registrar Network Solutions in an all-stock deal worth about $21 billion.
HP buys Compaq for $18.6 billion in 2002
Compaq and Hewlett-Packard competed during the early days of personal computers. Compaq sales slowed in the early 2000s and HP agreed to a takeover.
Although it was announced in June 2001 at a higher price tag, HP closed the deal in May 2002 for nearly $19 billion. The deal remains the biggest completed computer hardware deal in history.
HP buys EDS for $13.9 billion in 2008
The Hewlett-Packard Company completed the purchase of Electronic Data Systems Corporation (EDS) for nearly $14 billion in August 2008. EDS was a multinational company started by Ross Perot and headquartered in Plano, Texas. It was known for building a system for allowing bank machines to take in money, but was acquired for its wider IT services business.
Written By Enisan Daniel