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Article: EB's Top 50 M&As.(Industry Trend or Event)
- Article from:
- Electronic Business
- Article date:
- January 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The most striking thing about this year's Electronic Business top 50 mergers and acquisitions is how communications companies (or in Intel Corp.'s case, communications-wannabes)dominate the list. Well over half of the acquisitions on our list participate in this hot sector. Lucent Technologies Inc., Cisco Systems Inc. and Intel were the dominant hunters, each scoring four acquisitions. Lucent easily topped the list with its $21-billion acquisition of Ascend Communications Inc. It also led in total amount spent for acquisitions-its four acquisitions totaled more than $25 billion. Cisco spent just about $9.7 billion. Intel spent just over $5.1 billion.
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