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The value of each acquisition is listed in US dollars because AOL is headquartered in the United States. If the value of an acquisition is not listed, then it is undisclosed. As of August 2013, AOL's largest acquisition has been the purchase of Netscape, a web browser company, for US$4.2 billion.
In 1997, DLJ ranked seventh in advising corporations in mergers and acquisitions. Though never a powerhouse investment bank like Goldman Sachs and Morgan Stanley, DLJ generated $3.49 billion in revenues with net income of $291 million in fiscal year 1996. This performance pushed up the price of the stock of its majority owner, The Equitable.
The company grew rapidly in the 1990s, after completing several mergers and acquisitions. WorldCom's first major acquisition was in 1992 with the $720 million acquisition of Advanced Telecommunications Corporation, outbidding larger rivals Sprint Corporation and AT&T to secure the deal, making WorldCom a larger player in the telecoms market. [5]
Apple's largest acquisition was that of Beats Electronics in August 2014 for $3 billion. [7] Of the companies Apple has acquired, 71 were based in the United States. In early-May 2019, Apple CEO Tim Cook said to CNBC that Apple acquires a company every two to three weeks on average, having acquired 20 to 25 companies in the past six months alone.
Here are some of the biggest bank mergers and acquisitions in American history. ... Purchase price. Feb. 1, 2023. BMO Harris. Bank of the West. $16.3 billion. April 2, 2022. M&T Bank.
On December 31, 1997, Microsoft acquired Hotmail.com for $500 million (~$882 million in 2023), its largest acquisition at the time, and integrated Hotmail into its MSN group of services. [3] Hotmail, a free webmail service founded in 1996 by Jack Smith and Sabeer Bhatia, [4] had more than 8.5 million subscribers earlier that month. [5]
December 2004 – Acquisition of the IBM PC business by Lenovo: Lenovo acquires 90% interest in IBM Personal Systems Group, 10,000 employees and $9 billion in revenue. April 3, 2006 – Web analytics provider Coremetrics acquires SurfAid Analytics, a standalone division of IBM Global Services.