Top Acquisitions Of Big Tech Companies
Facebook's (NASDAQ: FB) acquisition of WhatsApp for $19 billion earlier this year caused quite a stir, but that's only been the fourth biggest acquisition so far this year, according to a new infographic from Finances Online.
Comcast (NASDAQ: CMCSA) offered more than double that amount — $45 billion, to be exact — to buy Time Warner Cable (NYSE: TWC). Other big bidders this year include global pharmaceutical-maker Activis (NYSE: ACT) and Charter Communications (NASDAQ: CHTR).
Companies acquire startups for a number of reasons, from taking on their technology to inheriting prized employees. Google (NASDAQ: GOOG) tends to be a big spender, throwing down billions of dollars for property and equipment, while Apple's (NASDAQ: AAPL) acquisitions are often smaller and less publicized.
Check out the full infographic here:
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.