Top 10 Most Expensive Business Acquisition by 2000s
Let’s see the top 10 most expensive acquisition by 2000s. An acquisition is the purchase of one business or company by another company or other business entity. Consolidation occurs when two companies combine together to form a new enterprise altogether, and neither of the previous companies survives independently.
10. InBev Inc. – Anheuser-Busch Companies, Inc. (Transaction value $52,000)
On July 13, 2008, InBev agreed to buy Anheuser-Busch for a total value of $52 billion, the most expensive acquisition which would create a new company to be named Anheuser-Busch InBev. It was reported that Anheuser will get two seats on the combined board.
9. JPMorgan Chase & Co. – Bank One Corporation (Transaction value $58,761)
In 2004, JPMorgan Chase merged with Chicago based Bank One Corp., bringing on board current chairman and CEO Jamie Dimon as president and COO and designating him as CEO William B. Harrison, Jr.’s successor. This is one of the most expensive acquisition.
8. Pfizer Inc. – Pharmacia Corporation (Transaction value $59,515)
In 2002, Pfizer merged with Pharmacia, the most expensive acquisition. The merger was again driven in part by the desire to acquire full rights to a product, this time Celebrex (celecoxib), the COX-2 selective inhibitor previously jointly marketed by Searle (acquired by Pharmacia) and Pfizer.
7. Nortel Networks Corporation (Transaction value $59,974)
Nortel Networks Corporation, formerly known as Northern Telecom Limited and sometimes known simply as Nortel, was a multinational telecommunications equipment manufacturer headquartered in Mississauga, Ontario, Canada.
6. Pfizer Inc. – Wyeth (Transaction value $68,000)
On January 26, 2009, after more than a year of talks between the two companies, Pfizer agreed to buy pharmaceuticals rival Wyeth for a combined US$68 billion in cash it’s the most expensive acquisition, shares and loans, including some US$22.5 billion lent by five major Wall Street banks.
5. Comcast Corporation – AT&T Broadband (Transaction value $72,041)
In 2001, Comcast announced it would acquire the assets of the largest cable television operator at the time, AT&T Broadband (AT&T’s spun-off cable TV service) for US$44.5 billion, the most expensive acquisition. In 2002, Comcast acquired all assets of AT&T Broadband, thus making Comcast the largest cable television company in the United States with over 22 million subscribers.
4. AT&T Inc. – BellSouth Corporation (Transaction value $72,671)
On Friday December 29, 2006, the Federal Communications Commission (FCC) approved the new AT&T’s most expensive acquisition of a regional Bell Operating Company, BellSouth, valued at approximately $86 billion (or 1.325 shares of AT&T for each share of BellSouth at the close of trading December 29, 2006). The new combined company retained the name AT&T.
3. Royal Dutch Petroleum Company – “Shell” Transport & Trading Co. (Transaction value $74,559)
Royal Dutch Shell plc commonly known as Shell, is a global oil and gas company headquartered in The Hague, Netherlands and with its registered office in London, United Kingdom. This most expensive acquisition is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading.
2. Glaxo Wellcome Plc. – SmithKline Beecham Plc. (Transaction value $75,961)
GSK was formed in 2000 by the merger of GlaxoWellcome plc (formed from the acquisition of Wellcome plc by Glaxo plc), and SmithKline Beecham plc (from the merger of Beecham plc, and SmithKline Beckman Corporation).
1. Fusion: AOL Inc. (America Online) – Time Warner (Transaction value $164,747 billion)
In 2000, a new company called AOL Time Warner was created when AOL purchased Time Warner for US$164 billion.The deal, announced on January 10, 2000 and officially filed on February 11, 2000, employed a merger structure in which each original company merged into a newly created entity. The Federal Trade Commission cleared the deal on December 14, 2000, and gave final approval on January 11, 2001; the company completed the most expensive acquisition later that day.