The year 2016 results into numerous global tech deals which facilitate $612.9 billion in the tech market. According to Dealogic, the year is considered as the second best year for acquisitions. The year is successful in keeping up the face with 2015 where the world witnessed highest $691.4 billion tech transactions.
Experts at dealmakers expect this trend to continue in near future. Here are the top 5 tech acquisition that rocked the year and opens wide horizons for the future of IT industry.
Microsoft buys LinkedIn
Microsoft grabbed the headlines when it acquired the professional social network LinkedIn. When LinkedIn?s stock struggled to meet the high expectations of investors, Microsoft recognized it as the best chance to make an offer. Although Microsoft?s competitor SalesForce opposed this deal, Microsoft bagged it at $26.2 billion.
Quintiles Transactional buys IMS Health
Quintiles Transactional buys healthcare technology provider IMS Health at $14.7 billion including debt. The Connecticut-based data company strategized the electronic records and sold the insights to the drugmaker. Besides, the two companies merged to help pharmaceutical industry for its research and data services.
Oracle buys NetSuite
In order to boost cloud offerings of NetSuite, Oracle paid $9.5 billion to acquire the company. NetSuite offers a wide range of services such as e-commerce, accounting, and customer relations. Indeed, Oracle is slow to develop internet based tools, but the company is hoping to speed up its growth due to the acquisition.
Samsung buys Harman
In November 2016, Tech giant Samsung declared that it would buy Harman International Industries at $8.9 billion. The only goal of Samsung to invest in Harmal is to boost up its automotive technology. Harman is offering an innovative technology for automotive industry including its flagship speakers, navigation system for connected cars and many others.
Verizon buys Yahoo
Verizon buys Yahoo at $4.8 billion in July 2016. As Marissa Mayer failed to cope up with the latest tech strategies, this step seems a successful one for the company. Besides, the acquisition of Yahoo has put Verizon at the highest competitive position at the top global market. Yahoo?s content, advertising, mobile, and search are now the core elements of Verizon.
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