10 Largest Acquisitions In Tech World
9. eBay buys PayPal
Deal happened in: June 2002
Value: $1.5 billion
E-commerce major, eBay brought online payments firm PayPal and gained control of the popular electronic payment service favored by many of its users. eBay CEO Meg Whitman and his Paypal counterpart Peter Thiel were at the centre of focus in this event.
Sharing her opinion about the deal, Merrill Lynch, analyst at Justin Baldauf said, "PayPal is the 'gorilla' in the online payment market, as eBay is the 'gorilla' in the online auction market."
8. Google buys YouTube
Deal happened in: October 2006
Value: $1.65 billion
At the behest of Google founder Larry Page, the web search engine major brought online video platform YouTube from its founders, Steve Chen and Chad Hurley. The all-stock deal announced merges one of the Internet’s marquee companies, Google with one of its rapidly rising stars, YouTube.
Read More:
Gartner Says Government IT Spending in India To Reach $6.4 Billion in 2014
