Last week, IBM acquired Red Hat in a $34 billion all-in-cash deal. This is not an unusual move. Technology companies often spend vast amounts of money to acquire competitors, or other companies that have services or products that could be useful to their own.
Here are five of the biggest acquisitions in technology history.
Dell buys EMC for $67 billion
Dell bought EMC for $67 billion dollars in 2015 to increase its cloud computing and server services around the world.
Avago buys Broadcom for $37 billion
The merging of Avago with Broadcom created one of the biggest chip and semiconductor companies in the world. Avago also tried to acquire Qualcomm for $121 billion, but the deal was blocked by President Trump last year.
IBM buys Red Hat for $34 billion
The newest deal on our list, and the biggest one so far in 2019. IBM is increasing its cloud platform and server datacenters around the world. With 37 datacenters, all heavily dependent on Red Hat and its sub-services, it was only a matter of time before this acquisition happened.
Softbank buys ARM for $31.4 billion
This acquisition split analysts, with one group supporting the acquisition and the other refusing it. Despite the argument, ARM has grown increasingly since the acquisition in 2016.
Microsoft buys LinkedIn for $26.2 billion
Microsoft’s deal to purchase LinkedIn for $26.2 billion is the giant’s highest so far. Microsoft saw the potential to implement the service in its own office 365 service back in 2016.