The mergers and acquisitions have been trending 2016. Some of the large tech giants took over the small ones for the future-based development and strategies to dominate the specific market or as an early foundation steps to meet the future demands.
Below are some of the most focused acquisitions of 2016
NXP Semiconductors acquired by Qualcomm
Qualcomm in 2016 purchased NXP semiconductors for $47 Billion. The slow-moving growth of the smart phone industry motivated the Qualcomm to take over the largest chip supplier of the automotive industry. The acquisition was the largest in the history of chip industry.
Microsoft buys LinkedIn
Microsoft purchased the employee oriented social network website LinkedIn for $26.2 Billion in this year. Microsoft grabbed the opportunity when the LinkedIn stocks weren’t performing well and due to which it failed to meet the investor’s expectation.
Samsung took over Harman
Samsung declared the related acquisition in November and paid $8.9 Billion to Harman International Industries. Harman Industries was known for its innovative speakers along with its newly developed advanced navigation system designed for cars. The idea of the acquisition was to enhance Samsung’s automotive technology.
Oracle buys Netsuite
Oracle acquired Netsuite with a price $9.5 Billion to augment its cloud based contribution. This takeover would help Oracle to develop its projected internet based tools. NetSuite’s wide variety of services such as e-commerce solution accounting would probably help Oracle to fast-track growth of the company in specific categories.
Thus, the overall technological acquisitions in 2016 resulted in $612.9 Billion deal.