Businesses That Sold for Millions
Do you know that there are hundreds of businesses that sold for millions? Tech startups especially have a tendency of selling their businesses through acquisition. In the last 10 or so years, several business ventures were sold via acquisition. So who knows you will find a business, make it profitable and you can sell it. Keep dreaming and hoping, right?
Businesses That Sold for Millions
1. Shazam
Business name: Shazam
Sold to: Apple Inc.
Price: $400 million
Shazam was an app for identifying songs. It was very popular among the users. But when Shazam went broke in December, 2017, Apple came forward to buy it. The tech giant wanted to integrate Shazam’s functionalities into their operating system to boost Apple Music.
2. Trello
Business name: Trello
Sold to: Atlassian
Price: $425 million
Trello is a project management app which was acquired by Atlassian in January, 2017. Atlassian offers workplace software. Their product line includes HipChat, a workplace chat software like Slack, and Jira, which is a project management tool for the developers. They went on to make the acquisition to further strengthen their product line.
3. Shipt
Business name: Shipt
Sold to: Target
Price: $550 million
With the ever growing popularity of Amazon, traditional retailers were struggling and needed to widen their reach. As a result, brands like Walmart and Ikea bought Jet.com and TaskRabbit. Target, who was a competitor in this niche, had to reach affluent millennials where they were. So they bought the grocery delivery service Shipt to better deliver their products.
4. Moat
Business name: Moat
Sold to: Oracle
Price: $850 million
Oracle has been working in the ad tech industry for a long time. To better deliver their results, Oracle bought Moat which was a transparency and tracking company. With this acquisition, the company has been able to empower brand managers with the right tools to track and analyze their ad data.
5. Blue Mountain
Business name: Blue Mountain
Sold to: Excite@Home
Price: $780 million
Blue Mountain started its journey as an e-card seller back in 1996. And only after 3 years of its launch, the company was sold to Excite@Home with a staggering $780 million price tag.
We are quite sure that now you’re wondering how to start your own online business. Don’t worry, we got you covered. Do you want to start a business from your own online home?
Then read this article! Goodluck!
