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Apple 'on the prowl' with 24 acquisitions in last year and a half

post #1 of 8
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Apple has bought two-dozen companies in the last 18 months, it was revealed on Wednesday, and more deals are likely on the way, with Tim Cook describing Apple as "on the prowl" for potential acquisitions that make sense.



Speaking during his company's quarterly earnings conference call, Cook told analysts that Apple is on the lookout for companies with talented employees and "great technology." But a key factor for those acquisitions is that they "fit culturally," the CEO said.

Cook also said that Apple considers whether its acquisitions will make sense and add value for shareholders over the long haul before the company goes through with a purchase.

"We are not in a race to spend the most or acquire the most," he said. "We're in a race to make the best products that enrich people's lives."
"We don't have a rule that says we can't spend a lot or whatever. We'll spend what we think is a fair price." - Apple Chief Executive Tim Cook
Cook admitted that Apple tries to keep its acquisitions a secret, though sometimes that seems like an "impossible" task. But he assured analysts and media on the conference call that purchases of companies will continue.

Apple has historically purchased smaller companies in strategic deals, never having spent more than $1 billion on any acquisition. But Cook said that could change, if it were the right deal.

"We don't have a rule that says we can't spend a lot or whatever," Cook said. "We'll spend what we think is a fair price."

The CEO originally revealed at the end of February that Apple had bought 23 companies in the previous 16 months. That would suggest that Apple has since made one more purchase.

That 24th company may be Japanese chipmaker Renesas SP Drivers, as a potential deal between the two parties was rumored earlier this month. The company makes LCD chips for Apple's iPhone, and was said to have been in talks for a $479 million buyout.

Apple made a number of acquisitions in 2013, a good portion of which were related to mapping, signaling that the company is acquiring talent in an effort to bolster its own Maps product for iOS and OS X. Among those purchases was public transit and navigation firm HopStop, crowd-sourced mapping data startup Locationary, indoor GPS company WifiSLAM, and digital mapping firm BroadMap.

Other deals from the last year-and-a-half include the purchases of:

post #2 of 8
Quote:
But a key factor for those acquisitions is that they "fit culturally," the CEO said.

Even if cultural differences are there... Tim should try to buy, isn't it?  

First, race for good technology is high.  Culture can be learnt. 

If you are religiously concentrate on Culture while acquiring companies... Apple may lose some valuable patents!  I really wanted NEST to be acquired by Apple. But... 

post #3 of 8
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Originally Posted by Chandra69 View Post

Even if cultural differences are there... Tim should try to buy, isn't it?  
First, race for good technology is high.  Culture can be learnt. 
If you are religiously concentrate on Culture while acquiring companies... Apple may lose some valuable patents!  I really wanted NEST to be acquired by Apple. But... 

I think that's what Cook means by culture but perhaps a different term would work better here. I don't think Nest was right for Apple because that aspect of the home isn't in their DNA, at least not yet.

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post #4 of 8
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Originally Posted by AppleInsider View Post

  • and second-screen app maker Matcha.tv for an alleged $1.5 million.

The higher sum sounds more reasonable to me.

"First of all, it’s worth noting that according to two very reliable sources close to the matter, the purchase price was not the $1 to $1.5 million previously reported, but was instead at least eight figures and likely between $10 and $15 million. Nor was it an acqui-hire; this was about the product Matcha built and about the specific recipe for video recommendations it put together via its proprietary algorithm, according to one source close to the matter."

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post #5 of 8
Must be fun to go shopping with $150 billion on your debit card.
post #6 of 8
Quote:
Originally Posted by Chandra69 View Post

Even if cultural differences are there... Tim should try to buy, isn't it?  
First, race for good technology is high.  Culture can be learnt. 
If you are religiously concentrate on Culture while acquiring companies... Apple may lose some valuable patents!  I really wanted NEST to be acquired by Apple. But... 

Well if it's a culture shock, the acquired employees would bolt. Apple isn't just acquiring tech but the people behind it.

Quote:
Originally Posted by lannoc View Post

Must be fun to go shopping with $150 billion on your debit card.

I Imagine Cook carries large bags of cash with $ on them and splurges.
post #7 of 8

Rawwwrrr!

Proud AAPL stock owner.

 

GOA

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Proud AAPL stock owner.

 

GOA

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post #8 of 8
Quote:
Originally Posted by jungmark View Post

Well if it's a culture shock, the acquired employees would bolt. Apple isn't just acquiring tech but the people behind it.
I Imagine Cook carries large bags of cash with $ on them and splurges.
We can only hope!
Quote:
Originally Posted by SpamSandwich View Post

Rawwwrrr!
This was the first thing I thought of too when they put that headline with that image haha
You can't spell appeal without Apple.
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You can't spell appeal without Apple.
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