The Big Five technology giants and FAAMG — Facebook, Amazon, Apple, Microsoft, and Google (Alphabet)—have over four-billion dollars combined. Such powerful tech behemoths also absorb the opposing people's skills, innovation and companies as a whole.
Because of their financial weight, mergers and acquisitions have become a key to keeping tech dominance under control. Today's Chart of the Week discusses the most important technology companies in the world and their latest acquisitions.
The agreement was reached on the basis of synergies between the service of the two firms and the ability of Microsoft to gain access to 575 million members of LinkedIn. But not all acquisitions by Microsoft were so good, including Nokia's Devices & Services for $7.2 billion in 2014.
It seemed like a smart move at the time, considering that 41% of the global phone market was owned by the Finnish firm. Nevertheless, Microsoft sold the property just two years later for $350 million. Microsoft changed its approach and left the phone market and decided to focus on their hardware's small, niche market.
infographic by: www.visualcapitalist.com
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