Did you know that big tech companies like Google or Facebook acquire promising startups not only to get their ideas and products, but also to take over the brilliant people that created them. For example, Facebook’s acquisition of Oculus Rift allowed them to hire John Cormack, a pioneer in 3D game programming. In 1996 Apple paid a ridiculous $429M for Next mainly to get Steve Jobs back on board!
DID YOU KNOW: Facebook’s offer to WhatsApp for $19 Billion was only the fourth largest acquisition bid of 2014. Find out the top three acquisition bids of the year below.
Discover some of the largest acquisitions, the reasons behind these acquisitions and learn from what made them great and what made them fail below.
Provided by financesonline.com