A look at 15 significant merger and acquisitions in tech industry- Technology News, Firstpost

Tesla CEO Elon Musk struck a deal on Monday to buy social media giant Twitter for $44 billion. In a assertion unveiled on the microblogging platform, the world’s richest gentleman said that he wants to make Twitter “better than ever”.

Twitter’s sale to Musk will see the firm turn out to be private. The shares of the social media huge experienced reportedly halted for a even though on Monday, amid experiences of the deal. NASDAQ ended higher right after the announcement. Shares of Twitter also jumped 5.6 % right after the information broke.

As the information about Musk’s takeover of Twitter dominates the headlines, let’s consider a seem at mergers and acquisitions in the tech sector that shook the entire world:

Elon Musk purchases Twitter ($44 billion):

The deal is predicted to be just one of the major mergers and acquisitions in the tech sector, with Musk buying Twitter for $54.20 a share. The price is 38 % about the company’s stock near on 1 April this calendar year.

Yahoo buys Tumblr ($1.1 billion):
In 2013, Yahoo purchased social media platform Tumblr for $1.1 billion. Even so, six several years later on, the running a blog social network was offered to the owner of WordPress for an undisclosed quantity, according to stories.

Microsoft buys Yammer ($1.2 billion)  
Social media system Yammer was acquired by Microsoft for $1.2 billion in 2012. The system is now portion of Microsoft 365 organization suite and is only available to enterprise end users who have accessibility to a Microsoft 365 Enterprise program.

Twitter purchases Vine ($970 million):
The social media huge obtained the quick online video producing web page for $970 million in 2012. According to A TechCrunch report, the platform turned the amount 1 application on the iTunes application retail outlet six months immediately after it was obtained by Twitter. At 1 place, Vine boasted of about 200 million active consumers. Having said that, the system quickly declined due to rigid competition from other social media platforms.
It was shut down by Twitter in 2016.

Fb buys WhatsApp ($19 billion):

The social media big obtained messaging services Whatsapp for a sum of $19 billion in 2014. In accordance to a Reuters report, the corporation paid out WhatsApp $12 billion in inventory, $4 billion in dollars and $3billion in restricted stock that vests in excess of quite a few years.
The messaging app is nonetheless owned by the social media large.

Facebook buys Instagram ($1 billion):

Facebook (now Meta) purchased the photo and movie sharing system for $ 1 billion. An electronic mail trade concerning Fb founder Mark Zuckerberg and previous Main economic Officer David Ebersman revealed that the organization was acquired as it was found as a ‘threat’. Instagram is aspect of Meta, Facebook’s parent company.

Google purchases YouTube ($1.65 billion):

Google procured YouTube way back again in 2006. The video sharing system is just one of the most well-liked social media purposes now and remains a person of the most frequented web-sites.

Google purchases Fitbit ($2.1 billion):

Google acquired Fitbit for $2.1 billion in an all-dollars offer in 2019. According to TechCrunch, the transfer was component of Google’s entry into the wearables sector, which was dominated by rival Apple.

Apple purchases Beats by Dre ($3 billion):

Apple obtained Beats Electronics (maker of common headphones) and membership streaming new music provider Beats Music for $3 billion, which include $400 million in restricted inventory. Beats co-founders Jimmy Iovine and Dr. Dre also joined Apple, in accordance to a push launch by the firm.

Google buys Nest ($3.2 billion)

Google purchased Nest in 2014 for $3.2 billion in funds. The acquisition of the intelligent thermostat maker was section of Google’s efforts to boost its own range of smart products.

Microsoft buys Nokia ($7.2 billion)

Microsoft acquired Nokia’s telephone enterprise in 2013. But the $7.2 billion deal failed and two decades later, the corporation wrote off the organization and slash down a number of thousand jobs.

PayPal purchases Honey ($4 billion)

The payments enterprise introduced the on the web buying offer services for $4 billion in 2019. This continues to be Paypal’s largest acquisition to date.

Microsoft purchases GitHub ($7.5 billion)

Github, the open up-resource software package development and code hosting platform was acquired by Microsoft in 2018. The offer, which price tag $7.5 billion, was created by Microsoft to “strengthen our dedication to developer liberty, openness and innovation,” according to a push release.

Microsoft buys Skype ($8.5 billion)

Microsoft acquired Skype for $8.5 billion again in 2011. The video clip conferencing platform saw a substantial rise in end users following the begin of the COVID-19 pandemic, prior to it was overshadowed by the level of popularity of Zoom.

Microsoft purchases LinkedIn ($26.2 billion)

Microsoft also purchased LinkedIn for an all-dollars deal in 2016 for $196 for every share. The $26.2 billion offer saw the tech big acquire a single of the greatest expert networking and career lookup websites.