List of mergers and acquisitions by Apple
Apple Inc. is an American multinational corporation with a focus on designing and manufacturing consumer electronics and software products. It was established in Cupertino, California on April 1, 1976 by Steve Jobs and Steve Wozniak,[1] and incorporated on January 3, 1977.[2] The company's hardware products include the Macintosh line of personal computers, the iPod line of portable media players, and the iPhone line of mobile phones. Apple's software products include the Mac OS X operating system, the iTunes media browser, and the iLife suite of multimedia and creativity software.[3] The company has acquired twenty-one companies, purchased a stake in one company, and made five divestments; most of them were software companies. Apple has not released the financial details for most of these mergers and acquisitions.
Apple's business philosophy is to acquire small companies that can be easily integrated into existing company projects.[4] For example, Apple acquired Emagic and its professional music software, Logic Pro, in 2002. The acquisition led to the creation of the digital audio workstation software, GarageBand, now part of the iLife software suite.[4]
The company made its first acquisition on March 2, 1988 when it purchased Network Innovations. In the 1990s, Apple purchased its only minority stake when it acquired 5% of Akamai Technologies, a content delivery network company. It has also made five divestments, all in the 1990s, in which parts of the company are sold to another company. The company's largest acquisition was the purchase of NeXT in 1996 for US$400 million.[5][6] Apple made the most acquisitions in a single year in 2002, with five, when it acquired Nothing Real, Zayante, Silicon Grail Corp-Chalice (from Silicon Grail), Propel Software, and Emagic. Of the companies that Apple has acquired, 18 were based in the United States.
Acquisitions
Date | Company | Business | Country | Value (USD) | References |
---|---|---|---|---|---|
March 2, 1988 | Network Innovations | Software | United States | — | [7] |
June 7, 1988 | Orion Network Systems | Satellite communication systems | United States | — | [8] |
June 27, 1988 | Styleware | Computer software | United States | — | [9] |
July 11, 1988 | Nashoba Systems | Computer software | United States | — | [10] |
January 3, 1989 | Coral Software | Computer software | United States | — | [11] |
February 7, 1997 | NeXT | Computer programming services | United States | $404,000,000 | [12] |
September 2, 1997 | Power Computing-Clone-Making[note 1] | Clone computers | United States | $100,000,000 | [13] |
January 8, 1999 | Xemplar Education | Software | United Kingdom | $4,926,000 | [14] |
November 3, 1999 | Raycer Graphics | Computer graphic chips | United States | $15,000,000 | [15] |
January 7, 2000 | NetSelector | Internet software | United States | — | [16] |
April 11, 2000 | Astarte-DVD Authoring Software[note 2] | Software | Germany | — | [17] |
May 11, 2001 | bluebuzz | Internet service provider | United States | — | [18] |
July 9, 2001 | Spruce Technologies[note 3] | Graphics software | United States | — | [19] |
December 31, 2001 | PowerSchool | Online info systems services | United States | $62,000,000 | [20] |
February 1, 2002 | Nothing Real | Special effects software | United States | $15,000,000 | [21] |
April 4, 2002 | Zayante | Software | United States | $13,000,000 | [22] |
June 11, 2002 | Silicon Grail Corp-Chalice[note 4] | Digital effects software | United States | — | [23] |
June 20, 2002 | Propel Software | Software | United States | — | [24] |
July 1, 2002 | Emagic | Music production software | Germany | $30,000,000 | [25] |
October 16, 2006 | Silicon Color | Software | United States | — | [26] |
April 24, 2008 | PA Semi | Semiconductors | United States | $268,000,000 | [27] |
Stakes
Date | Company | Business | Country | Value (USD) | References |
---|---|---|---|---|---|
June 1, 1999 | Akamai Technologies | Web site support services | United States | $12,500,000[note 5] | [28] |
Divestitures
Date | Acquirer | Target company | Target business | Acquirer country | Value (USD) | References |
---|---|---|---|---|---|---|
April 22, 1992 | Misys Computer Maintenance | Sign Express Group | Maintenance activities | United Kingdom | $705,000 | [29] |
May 31, 1996 | SCI Systems | Apple Computer-Manufacturing | Computers | United States | — | [30] |
April 2, 1997 | Al-Waleed bin Talal | Apple Computer[note 6] | Personal computers | Saudi Arabia | $115,000,000 | [31] |
August 6, 1997 | Microsoft | Apple Computer[note 7] | Personal computers | United States | $150,000,000 | [32] |
August 7, 1997 | Grupo Carso | Apple Computer[note 8] | Personal computers | Mexico | $60,650,000 | [33] |
Notes
- ^ Acquired from Power Computing Corporation
- ^ Acquired from Astarte
- ^ Acquired from Japan Information Processing Service
- ^ Acquired from Silicon Grail
- ^ Acquired a 5% stake
- ^ Acquired a 5% stake, or 6.25 million common shares
- ^ Acquired a 5% stake, or 150,000 Series A shares
- ^ Acquired a 3% stake, or 3.79 million common shares
References
- General
- "Apple Inc Mergers and Acquisitions". Thomson Financial. Retrieved 2008-10-31.
- Specific
- ^ "80 Days that Changed the World". Time. 2003-03-23. Retrieved 2008-04-13.
- ^ "Investor Relations FAQ". Apple Inc. Retrieved 2008-06-26.
- ^ "Apple Reports Fourth Quarter Results". Apple Inc. 2007-10-22. Retrieved 2008-06-26.
- ^ a b Hesseldahl, Arik (2007-03-01). "What to Do with Apple's Cash". BusinessWeek. Retrieved 2008-06-26.
- ^ "Apple Computer, Inc. Agrees to Acquire NeXT Software Inc". U.S. Securities and Exchange Commission. 1996-12-24. Retrieved 2008-06-25.
- ^ Kaplan, Karen (1997-07-10). "Apple's CEO Is Ousted as Steve Jobs' Role Expands". Los Angeles Times. p. A.
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(help) - ^ "Apple Computer Inc acquires Network Innovations Corp". Thomson Financial. Retrieved 2008-10-21.
- ^ "Apple Computer Inc acquires Orion Network Systems Inc". Thomson Financial. Retrieved 2008-10-21.
- ^ "Claris Corp(Apple Computer) acquires Styleware Inc". Thomson Financial. Retrieved 2008-10-21.
- ^ "Claris Corp(Apple Computer) acquires Nashoba Systems Inc". Thomson Financial. Retrieved 2008-10-21.
- ^ "Apple Computer Inc acquires Coral Software Corp". Thomson Financial. Retrieved 2008-10-21.
- ^ "Apple Computer Inc acquires NeXT Computer Inc". Thomson Financial. Retrieved 2008-10-21.
- ^ "Apple Computer Inc acquires Power Computing-Clone-Making from Power Computing Corp". Thomson Financial. Retrieved 2008-10-21.
- ^ "Apple Computer Inc acquires remaining interest in Xemplar Education Ltd from Morgan Stanley". Thomson Financial. Retrieved 2008-10-21.
- ^ "Apple Computer Inc acquires Raycer Graphics". Thomson Financial. Retrieved 2008-10-21.
- ^ "Apple Computer Inc acquires NetSelector". Thomson Financial. Retrieved 2008-10-21.
- ^ "Apple Computer Inc acquires Astarte-DVD Authoring Software from Astarte GmbH". Thomson Financial. Retrieved 2008-10-21.
- ^ "Network Innovations Corp acquires bluebuzz.com Inc". Thomson Financial. Retrieved 2008-10-21.
- ^ "Apple Computer Inc acquires Spruce Technologies Inc from JBIS Holdings Inc". Thomson Financial. Retrieved 2008-10-21.
- ^ "Apple Computer Inc acquires PowerSchool Inc". Thomson Financial. Retrieved 2008-10-21.
- ^ "Apple Computer Inc acquires Nothing Real LLC". Thomson Financial. Retrieved 2008-10-21.
- ^ "Apple Computer Inc acquires Zayante Inc". Thomson Financial. Retrieved 2008-10-21.
- ^ "Apple Computer Inc acquires Silicon Grail Corp-Chalice from Silicon Grail Corp". Thomson Financial. Retrieved 2008-10-21.
- ^ "Apple Computer Inc acquires Propel Software Corp". Thomson Financial. Retrieved 2008-10-21.
- ^ "Apple Computer Inc acquires Emagic Soft-und Hardware GmbH". Thomson Financial. Retrieved 2008-10-21.
- ^ "Apple Computer Inc acquires Silicon Color Inc". Thomson Financial. Retrieved 2008-10-21.
- ^ "Apple Inc acquires PA Semi Inc". Thomson Financial. Retrieved 2008-10-21.
- ^ "Apple Computer Inc acquires a minority stake in Akamai Technologies Inc". Thomson Financial. Retrieved 2008-10-21.
- ^ "MCM Misys Computer Maintenance acquires Sign Express Group-Maintenance from Apple Inc". Thomson Financial. Retrieved 2008-10-21.
- ^ "SCI Systems Inc acquires Apple Computer-Manufacturing from Apple Inc". Thomson Financial. Retrieved 2008-10-21.
- ^ "Investor acquires a minority stake in Apple Computer Inc". Thomson Financial. Retrieved 2008-10-21.
- ^ "Microsoft Corp acquires a minority stake in Apple Computer Inc". Thomson Financial. Retrieved 2008-10-21.
- ^ "Grupo Carso SA de CV acquires a minority stake in Apple Computer Inc". Thomson Financial. Retrieved 2008-10-21.