Compaq – DEC
The company Digital Equipment Corp., which had been producing servers since 1960, was unable to enter the new PC market on time. In 1998, Compaq bought it for $9.6 billion. Unfortunately, the irrelevance of products and the high operating costs of DEC have become a burden for the new corporation.
Symantec – Veritas
In 2005, the Antivirus giant Symantec planned to purchase Veritas, which specialized in data storage, for $13.5 billion. But investors did not approve such a price and reduced it to $10.5 billion, only then the deal took place.
After 10 years of unsuccessful joint activity, in the summer of 2015, Symantec sold Veritas for $8 billion during the funded buyout.
HP – Compaq
In 2002, under the leadership of former US presidential candidate Carly Fiorina, HP acquired the Compaq PC manufacturer for almost $19 billion. At that time, both companies were not enjoying the best of times, as PC sales were extremely low. As a result of an unsuccessful merger, HP was forced to sack about 30,000 employees.
AOL – Time Warner
Trying to become a media giant, Internet service provider AOL bought Time Warner for $181.6 billion in January 2000. Unfortunately, this deal has become one of the largest in the world among the failed.
CEOWORLD Magazine, one of the world's premier business publications, has released its latest ranking of the most influential women in international business. Let's take a look at the top five
There are over 250,000 species of flowers in the world. Some of them belong to rare species of flora and are a true treasure for biologists. Let's take a look at these extraordinary representatives of the plant world and fully appreciate their unique beauty.
Although US President Donald Trump insists it is too early to discuss a successor within the Republican Party, behind-the-scenes maneuvering has already begun. Politicians deliver messages, test the waters, and closely monitor public sentiment. The participants in a new race are becoming increasingly visible, despite the lack of official announcements. Let's take a look at who might lead the Republican Party in the 2028 election.
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