How Apple does M&A: Small and quiet, with no bankers
Summary
"We have seen companies such as Google, Facebook, Intel and Amazon going for many billion-dollar deals," said Nicklas Nilsson, analyst at GlobalData, a firm that tracks M&A transactions. Apple has gone on sprees picking up multiple firms in augmented and virtual reality, artificial intelligence, maps, health, and semiconductors, presaging future products or features. Once the transaction is completed, Apple has a team that focuses on integrating the new employees into the specific technical group where theyll contribute. Wall Street bankers have encouraged a big purchase in the past, and Apple did spend $1 billion to buy Intels wireless modem business, including 2,200 employees, in 2019. But our priority is on valuation and strategic fit, and our focus is generally going to be on small, innovative companies exploring technologies that complement our products, and help push them forward," Cook said at the shareholder meeting.
Classifications
AskAI Classifications
LabelsLinked Companies
