Microsoft announced it will acquire LinkedIn for $26.2 billion in what is the one of the biggest technology company deals. Jeff Weiner will remain CEO of LinkedIn, and will report to Microsoft CEO Satya Nadella. The deal is expected to close this calendar year. Microsoft is paying $196 per share for LinkedIn acquisition.
Microsoft in a blog post said, “The transaction has been unanimously approved by the Boards of Directors of both LinkedIn and Microsoft. The deal is expected to close this calendar year and is subject to approval by LinkedIn’s shareholders, the satisfaction of certain regulatory approvals and other customary closing conditions.”
Let us take a look at the recent top tech mergers and acquisitions:
Michael Dell, the CEO of Dell announced $70 billion merger with EMC at the keynote address at annual EMC World Conference in 2015. Dell Technologies comprises Dell, EMC – the leading global computing storage provider, VMware, Pivotal, Secureworks, RSA and Virtustream.
Michael Dell said the combined enterprise business, though, would go by the name of Dell-EMC. Joe Tucci, 69, chairman and CEO of EMC had said that “something great and something truly special” would emerge out of the two giants coming together.
Facebook’s WhatsApp’s acquisition
Back in 2014, Facebook bought mobile messaging service WhatsApp for $19 billion in cash and stock, in one of the company’s largest acquisition. The world’s biggest social networking company paid $12 billion in Facebook stock, and $4 billion in cash for WhatsApp.
The deal translated to roughly 9 per cent of Facebook’s market value at the time of the deal. The price stunned Gartner analyst Brian Blau. “I am not surprised they went after WhatsApp, but the amount is staggering,” he said.
WhatsApp now has over 1 billion users, just like Zuckerberg had said back in 2014. “WhatsApp is on path to reach a billion users,” he had said.
Facebook-Oculus Virtual Reality Deal
Facebook bought Oculus for $2 billion in 2014. “This is a long-term bet on the future of computing,” Facebook Chief Executive Mark Zuckerberg said at the time of the announcement. “I believe Oculus can be one of the platforms of the future,” he had said.
Oculus recently unveiled its virtual reality headset at $599. The Rift box comes with headset with built-in headphones and mic, sensor, an Xbox One controller and an Oculus Remote, a new input device that helps users navigate through the Oculus store or explore video content.
Apple adds Beats to its tune
Apple bought Beats Electronics for $3.2 billion. This is one of the biggest deals in the technology world, as well as for the Cupertino giant. At WWDC, Apple announced a redesigned Apple Music which has an exclusive radio station called Beats1. Beats1 is becoming largest radio station in the entire world.
The Apple Music app has been made more intuitive and easy to use. There’s also a new section called Downloaded Music on Apple Music, which many people will be happy about. There’s also a Recently Added section. Also, Apple Music now support lyrics.
In a surprise move, Google bought Motorola Mobility for a whopping $12.5 billion in 2011. Google which for long has been trying to build its own Nexus smartphone, reiterated to its OEM partners that the deal was not intended to build its own Nexus smartphone.
Motorola, on the other hand, didn’t do wonders under Google umbrella. It produced a Nexus which didn’t appeal to many, and then stuck to a different strategy with its Moto series. Google realised the pain and unfolded Motorola by selling it to Chinese PC giant Lenovo for just $2.91 billion.
Microsoft-Skype VoIP deal
Microsoft, back in 2011, acquired Skype for $8.5 billion and has since then embedded it into every possible Microsoft service. Skype is the default calling service on Microsoft Windows 10 and there is even deeper integration of Skype into Office 365 and other services.