In: Accounting
"Acquisitions" Please respond to the following: Use the Internet or Strayer online database to research a publically traded company that recently acquired another company. Analyze the performance of the combined company, and ascertain at least two (2) benefits that the combined companies gained from the acquisition.
According to my research on internet or Strayer online database the following two or three company recenctly accquired another companies and it's performance inclusive:-
Intel INTC said in August that it had completed its tender offer for the outstanding shares of Mobileye, a company that develops sensors and cameras for Advanced Driver Assisted Systems (ADAS); the Israel-based company is also known for its computer vision and machine learning technology. The $15.3 billion deal gives Intel a huge advantage in the growing self-driving car industry, a market they estimate will grow to $70 billion annually by 2030.
Michael Kors Acquires Jimmy Choo
"Affordable" luxury retailer Michael Kors KORS agreed to buy footwear brand Jimmy Choo, a popular name in the fashion world known for its towering stilettos, for about $1.2 billion in July. The purchase had been a long-rumored one, and Kors plans on using its own massive global infrastructure to expand Jimmy Choo's footprint. This likely won't be Kors' last acquisition either, as the company is now focused on forming a new, "luxury group.
Benefits that the combined companies gained from the acquisition:-