FP TrendingApr 26, 2022 11:20:01 IST
Tesla CEO Elon Musk struck a deal on Monday to invest in social media huge Twitter for $44 billion. In a statement introduced on the microblogging system, the world’s richest person said that he wants to make Twitter “better than ever”.
Twitter’s sale to Musk will see the firm turn into personal. The shares of the social media huge experienced reportedly halted for a while on Monday, amid experiences of the offer. NASDAQ ended higher right after the announcement. Shares of Twitter also jumped 5.6 percent right after the news broke.
As the information about Musk’s takeover of Twitter dominates the headlines, let us choose a look at mergers and acquisitions in the tech sector that shook the entire world:
Elon Musk buys Twitter ($44 billion):
The offer is expected to be one particular of the most important mergers and acquisitions in the tech sector, with Musk acquiring Twitter for $54.20 a share. The cost is 38 p.c over the company’s stock shut on 1 April this calendar year.
Yahoo purchases Tumblr ($1.1 billion):
In 2013, Yahoo purchased social media platform Tumblr for $1.1 billion. On the other hand, 6 a long time later, the running a blog social network was sold to the operator of WordPress for an undisclosed total, in accordance to experiences.
Microsoft buys Yammer ($1.2 billion)
Social media platform Yammer was acquired by Microsoft for $1.2 billion in 2012. The platform is now section of Microsoft 365 business suite and is only available to company consumers who have entry to a Microsoft 365 Business approach.
Twitter buys Vine ($970 million):
The social media huge obtained the limited video making web-site for $970 million in 2012. According to A TechCrunch report, the platform became the selection 1 application on the iTunes app store 6 months following it was acquired by Twitter. At 1 position, Vine boasted of around 200 million lively consumers. However, the platform soon declined due to rigid level of competition from other social media platforms.
It was shut down by Twitter in 2016.
Fb purchases WhatsApp ($19 billion):
The social media big obtained messaging support Whatsapp for a sum of $19 billion in 2014. According to a Reuters report, the business paid out WhatsApp $12 billion in inventory, $4 billion in funds and $3billion in limited stock that vests above several a long time.
The messaging application is continue to owned by the social media large.
Facebook purchases Instagram ($1 billion):
Facebook (now Meta) purchased the photo and video clip sharing platform for $ 1 billion. An electronic mail exchange involving Facebook founder Mark Zuckerberg and former Chief fiscal Officer David Ebersman revealed that the company was acquired as it was observed as a ‘threat’. Instagram is portion of Meta, Facebook’s dad or mum business.
Google buys YouTube ($1.65 billion):
Google obtained YouTube way back in 2006. The online video sharing system is 1 of the most well-known social media purposes now and stays just one of the most frequented web-sites.
Google purchases Fitbit ($2.1 billion):
Google acquired Fitbit for $2.1 billion in an all-cash deal in 2019. In accordance to TechCrunch, the shift was part of Google’s entry into the wearables sector, which was dominated by rival Apple.
Apple purchases Beats by Dre ($3 billion):
Apple acquired Beats Electronics (maker of common headphones) and membership streaming songs service Beats New music for $3 billion, such as $400 million in limited inventory. Beats co-founders Jimmy Iovine and Dr. Dre also joined Apple, in accordance to a push release by the organization.
Google purchases Nest ($3.2 billion)
Google acquired Nest in 2014 for $3.2 billion in cash. The acquisition of the sensible thermostat maker was aspect of Google’s initiatives to strengthen its have array of good gadgets.
Microsoft buys Nokia ($7.2 billion)
Microsoft acquired Nokia’s cellphone enterprise in 2013. But the $7.2 billion deal failed and two a long time later, the organization wrote off the enterprise and slash down several thousand work opportunities.
PayPal buys Honey ($4 billion)
The payments company brought the on the web shopping offer support for $4 billion in 2019. This stays Paypal’s major acquisition to date.
Microsoft purchases GitHub ($7.5 billion)
Github, the open-resource software advancement and code hosting platform was obtained by Microsoft in 2018. The offer, which cost $7.5 billion, was built by Microsoft to “strengthen our dedication to developer independence, openness and innovation,” in accordance to a press release.
Microsoft purchases Skype ($8.5 billion)
Microsoft acquired Skype for $8.5 billion back again in 2011. The video clip conferencing system observed a massive rise in users following the start off of the COVID-19 pandemic, in advance of it was overshadowed by the attractiveness of Zoom.
Microsoft purchases LinkedIn ($26.2 billion)
Microsoft also acquired LinkedIn for an all-dollars offer in 2016 for $196 per share. The $26.2 billion offer saw the tech giant obtain just one of the most important specialist networking and task research internet sites.