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In 2016, the world’s largest brewer, Anheuser-Busch Inbev acquired its rival, SABMiller in a merger valued at approximately $107 billion. This much-anticipated merger had Anheuser-Busch Inbev (BUD) (maker of brands including Corona, Budweiser, and Stella Artois) taking over London-based SABMiller(maker of brands including Fosters and Castle Lager). One of the focus of merger was to compete in a strong growth potential market by joining hands and broaden the portfolio of similar products.
In 2108, two big media & telecom American giants, Time Warner and AT&T joined forces in a deal worth over $108 billion. This acquisition was so massive that the U.S. Government forcibly had to interfere with closing the issue. AT&T first showed its interest in buying Time Warner in the year 2016. Initially there was a government opposition, but eventually AT&T and Time Warner completed the acquisition for a deal of $108 billion after receiving approval from the regulatory body in 2018.
In December 2015, the two chemical conglomerates, Dow Chemicals, and DuPont announced their intentions to merge into a deal of $130 Billion. This deal was completed in 2017. The combined entity was re-named as DowDuPont Inc. They included 3 divisions: Agriculture, Material Science, and Specialty Products. In 2019, DowDuPont broke up into 3 distinct companies, namely Dow Chemical, DuPont, and Corteva. Dow Chemical is a commodity chemical company, and DuPont is a company that focuses mainly on specialty chemical makers. Corteva is an agricultural company producing seeds and agricultural chemicals and products.
Verizon Communication and Vodafone together bought Verizon Wireless to the market. However, in 2014, Verizon acquired Vodafone’s 45% stake in a deal that eventually turned into around $130 billion. Following the deal, Verizon now completely owns the Verizon Wireless venture. This deal was also dubbed the “Deal of the Decade”. This is the third biggest business deals of all time.
The $182 billion deal between America Online (AOL) and Time Warner comes in at number 2 in our list of biggest acquisitions in history. The merger between AOL and Time Warner occurred at the height of the Dotcom era in 2000 when successful internet provider, America Online, made a bid to acquire mass media conglomerate, Time Warner. At that time, AOL had a massive market share in internet providing service and was looking to expand furthermore by tapping into the Time Warner’s dominance in entertainment, publishing, and news.
In 1999, the British multinational telecom company Vodafone Group (VOD) decided to buy British German conglomerate, Mannesmann AG. The long-running effort by Vodafone’s PLC finally paid off in February 2000, when Mannesmann AG accepted its offer for a whopping deal of around $203 billion, making this deal the largest and biggest business deal that has ever happened in the history of the corporate world till date.
Board games have existed for centuries but with Covid-19 lockdowns across the globe, board games brought family members together and connected them like never before. People need to interact with others, and playing board games provide an excellent opportunity to do so. Board games not only help you spend some quality time and bonding with known and dear ones, it..read more
Most cities in Europe have an amazing landscaping and greenery to soothe your eye-sight. To all-ready visually appealing site, some cities makes it even more exquisite with stunning river-side views to spend your evenings. It is very relaxing and peaceful to sit along the riverside when the weather is pleasant. It gets even more refreshing during summers to sit beside..read more
Snacking on a fast food, has been a growing trend in India since early 80s, especially among the youngsters. Fast-forward to 90s, international burger chains like KFC, McDonald’s start setting-up their outlets in the major city. Their arrival in India, elevated Burgers as meal to a next level and their popularity and acceptance in the society have been growing since..read more
Indian cinema churns out hundreds of entertainers throughout the year, and it can be a challenge to know the top-rated movies of all time. But fret not, here is an extensive and elaborative list of the best Bollywood films that have hit the screen and ruled the box office collections in 2021. The South Indian megastar, Allu Arjun starer 'Pushpa:..read more
It’s any batter's dream to hit a home run for his team every time he steps up on the pitch. In T20 cricket, however, we seldom see players get to century mark with limited overs T20 format, since each team gets to bat for only 20 overs. While it’s a difficult task for batsmen, as they need to score at..read more