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.
Astrotourism is becoming more popular every year. People are willing to travel thousands of kilometers to admire the stars. But which places on Earth are considered the best for this? Let's find out now!
