10 Largest Acquisitions In Tech World
7. Microsoft buys Nokia
Deal happened in: September 2013
Value: $7.2 billion
Microsoft brought the mobile business of former market leader Nokia in a bid to catch up arch rivals Apple and Google in the Smartphone market sector.
The deal was inked by out-going CEO of Microsoft, Steve Ballimer and Nokia CEO and President Stephen Elop. The move weaves Windows Phone 8 with its biggest hardware supporter, giving the company the combined mobile offering it's been looking for.
6. Oracle buys Sun
Deal happened in: April 2009
Value: $7.4 billion
Business software giant Oracle purchased Sun Microsystems and its Java programming language. Oracle acquired Sun common stock for $9.50 per share in cash. The transaction is valued at approximately $7.4 billion, of which $5.6 billion net worth is in the form of Sun’s cash and debt.
Oracle CEO Larry Ellison and Sun’s CEO Jonathan Schwartz both felt that the deal was a step in the right direction. “We expect this acquisition to be accretive to Oracle’s earnings by at least 15 cents,” said Oracle President Safra Catz at the time of signing the definitive agreement.
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