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Major Tech Acquisitions to Watch Now

By William Vogeler, Esq. on February 07, 2018 11:57 AM

One thing's for sure about the future of tech, there will be changes.

Drones, self-driving cars, augmented reality, and virtual currencies are yesterday's news. Tomorrow will not be about the next big thing, but who owns it.

Today, major players like Amazon and Google and are staking their claims in the future marketplace. But then there are those tech deals that are running in the background.

Apps and Chips

Apple recently acquired Shazam, the song-identifying app. The deal was reportedly worth around $400 million.

Shazam boosts clicks for iTunes, but the company could shut it down to thin out the competition. Meanwhile, the European Union is examining the impact on the competition overseas.

Broadcom, meanwhile, has raised its offer to buy Qualcomm, the chipmaker. At $121 billion, the offer is 17 percent higher than it's original bid.

If the deal goes through, Broadcom would the third-largest semiconductor company in the world behind Intel and Samsung. It would also be "the" company for smartphone components.

Virtual Wallets and Headsets

As the stock market plunged, cryptocurrency companies were wheeling and dealing. Hashchain Technology acquired NODE40 for $14 million in stock and cash.

Together they will provide services that mine data and monitor gains and losses for tax purposes. Cryptocurrency users are increasingly concerned about tax liability, according to reports.

Even traditionally non-tech companies are positioning for the tech future. Walmart, for example, recently acquired a virtual reality startup.

Engadget says the company is playing its cards close to the vest, but it could be working on VR shopping. Clean up on virtual aisle eight!

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