With time, every major company plans to take over the other and signs huge business deals. The business and corporate environment is very volatile and anything might happen without providing you the slightest hint, like when suddenly Google purchased Motorola for $12.5 billion as Google wanted to get involved in the smart phone race. So, let’s look into some of the blockbuster deals in business.
- In the year 2000, Vodafone purchased Mannesmann with a whopping value of $202.8 billion. Mannesmann AG was a German company with over 130,000 employees with majorly holding the internet and telecommunication sectors, which also include the German cellular carrier D2 Mannesmann. Vodafone, Britain’s largest phone company took over it. Apart from that, no other German company had ever been bought by a foreign owner.
- In 2001, AOL merged with Time Warner with an amount of $181.6 billion. The Americas online is one of the early commercial internet service provider which suddenly evolved into a major place of web content. As a result of this sudden hype, AOL got incredible market capitalization. This huge turnaround is how it was able to collaborate with Time Warner, a huge traditional media company.
- The Iconic tobacco manufacturer, Philip Morris spins off from Altria shareholders in the year 2008 for an amount of $113 billion. The tobacco company started in 1902 and it expanded until 2003, which included Kraft Food and winemaking industries. Then it was renamed The Altria Group as a whole. In 2008, when Altria shareholders felt that tobacco business had become diluted, they cut off Philip Morris International for $113 in order to restore its original product, which is making cigarettes.
- RFS Holdings took over ABN Amro Holdings in the year 2007 and the value of the deal was around $98.2 billion. It is said to be the biggest banking deal in the history. ABM Amro is a state owned bank in Holland. But, ABN Amro was nationalized after sometime due to financial crisis.
- AT&T merged with Bellsouth to make it to the top five biggest deals, which took place in 2006 with a value of $89.4 billion. In the 80’s, US government found AT&T to violate many laws and then broke it into eight smaller companies. AT&T then spent decades to buy back those companies, which led to the deal of BellSouth called as Baby-Bell Phone Company. After full restoration, AT&T is now the world’s largest telecommunication company.