Saturday December 7, 2019

Why tech takeovers are heating up

Facebook, Google and Amazon have been splashing billions out on new acquisitions and the battle to stay ahead of the curve means the spending won't stop there.

6th April, 2014
The Oculus Rift HD virtual reality head-mounted display.

In the space of a couple of months, Facebook has spent more than $20 billion on just a couple of companies in a shopping spree unlike any other. The ink had barely dried on the social network's $19 billion deal to take over WhatsApp when Facebook signed a $2 billion cheque to buy virtual reality pioneer Oculus VR.

Not that Facebook has been alone on the acquisition trail, with firms such as Google and Amazon also shelling out...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago

Greater Dublin Area draft Transport Strategy published

Digital Desk | 4 years ago