Big fish eat the small to get bigger. And, faster they do so, fatter they become.
Google, Yahoo and Microsoft were among the sharks that gobbled up small but ‘delicious’ fish in 2006.
YouTube was Google’s biggest catch. Google bought this user-driven video portal for $ 1.6 billion.
Big sharks were also hunting for smaller fish in the area of telecommunication, semiconductor, security, networking and storage space. The name of the game was the same – gobble up to grow fast.
If MNCs were on an acquisition spree, the Indian IT firms too acquired firms abroad in the year 2006.
The money spent on buying foreign companies by Indian firms was three times more than what foreign companies spent on acquiring firms here.
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