The advancements in the world of technology take place at a very rapid pace and the way it has been operating for the last few years has changed the dynamics of the way this industry works and eventually the world functions. The acquisitions and mergers of tech giants play a major role in the industry. recently, Elon Musk bought Twitter and made headlines globally.
Likewise here we take a look at five big mergers that are playing a vital role in the tech world.
Microsoft Acquisition of LinkedIn - $26 billion
Microsoft acquired the world’s largest and most popular and valuable professional networking platform 'LinkedIn' for $196 per share in an all-cash transaction that in the end valued at $26.2 billion. Nadella said, “The LinkedIn team has grown a fantastic business centered on connecting the world’s professionals. Together we can accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics as we seek to empower every person and organization on the planet.”
Elon Musk's acquisition of Twitter - $44 billion
Currently, the richest man in the world Elon Musk purchased the widely used social media platform Twitter which is mainly used for expressing views and opinions. After purchasing twitter for $44 billion, Tesla and SpaceX's founder Elon Musk expressed he is looking forward to making changes at the firm. To make more money and profits, Elon Musk expressed a desire to carry out a few experiments on Twitter.
IBM Acquisition of Redhat - $34 billion
Tech giant IBM 2019, merged with the enterprise software pioneer Redhat for $190.00 per share in cash with a gross equity value of around $34 billion. The main objective of the deal was to bolster innovation by proposing a next-generation hybrid multi-cloud forum. Ginni Rometty, IBM chairman, president, and CEO, had stated "Businesses are starting the next chapter of their digital reinventions, modernizing infrastructure and moving mission-critical workloads across private clouds and multiple clouds from multiple vendors."
Microsoft Acquisition Of Activision Blizzard - $68.7 billion
Tech giant Microsoft in January this year disclosed the acquisition of Activision Blizzard for US$68.7 billion. The firm gained eight studios with 9,500 employees, including Beenox, in Quebec. The all-cash transaction will enable Microsoft to augment its presence in the mobile gaming arena and provide the base for the metaverse, or virtual universe. The American company, which deals with the Xbox console and has many development studios, will therefore become the third-largest participant in the video game industry.
SoftBank Acquisition of Arm - $31 billion
Softbank a Japanese company owned a UK-based semiconductor chipmaker ARM Holdings for $32 billion. It provides part of the chip design in almost all types of smartphones, including Apple Inc.’s iPhone, as well as factory equipment and cars. Softbank in its statement has said it will carry on to operate ARM as an independent firm while multiplying its headcount in the future between 5,000 and 6,000 people.