A Roundup of Tech's Biggest Price Tags
Tech acquisitions don’t come cheap – especially when there is a unique and sought-after company up for grabs.
GoDaddy, for example, was bought in 2011 for a reported $2.25 billion, while messaging service Whatsapp was acquired by Facebook last year for roughly $22 billion. And 2015 hasn’t been any different, with companies from Twitter to Nokia swooping in to purchase up-and-coming players in the tech industry. Read below for a roundup of some of the year’s biggest tech price tags:
$37 Billion –Avago Technologies acquired Broadcom Corporation for $37 billion, which values the combined company at $77 billion in enterprise value.
$16.7 Billion – Intel Corporation purchased Altera Corporation for approximately $16.7 billion in March. According to the announcement, the acquisition will couple Intel’s products and manufacturing process with Altera’s field-programmable gate array (FPGA) technology. This is expected to result in new classes of products that meet customer needs in the data center and Internet of Things (IoT) market segments.
$4.4 Billion – Verizon completed its acquisition of AOL in June, purchasing all outstanding shares of the company for $50.00 per share, resulting in a reported $4.4 billion pay out.
$1.5 Billion – LinkedIn purchased online learning company Lynda in April in a transaction valued at approximately $1.5 billion.
$1.2 Billion – EMC Corporation acquired Virtustream with an all-cash transaction valued at approximately $1.2 billion. When the transaction closes, Virtustream is expected to form EMC’s new managed cloud services business.
$150 Million – Snapchat acquired facial recognition startup Looksery for a rumored $150 million. It is also rumored that Snapchat has used this acquisition for the creation of its recently launched “lenses” feature, which enables users to add filters to their Snapchat selfies.
$100 Million – Twitter purchased popular live-video streaming app Periscope for slightly less than $100 million in March.
The aforementioned acquisitions are just a few of the many that have taken place in 2015. In fact, many other headline-making acquisitions didn’t disclose transaction details, like Facebook’s purchase of TheFind, Microsoft’ acquisition of 6WUnderkinder, Yahoo’s obtaining of Polyvore and more.
What 2015 acquisition was the most shocking to you? Let us know in the Comment section below.