M&A Deal Summary

Compaq Computer Acquires Zip2

On February 16, 1999, Compaq Computer acquired internet software and services company Zip2 for 307M USD

Acquisition Highlights
  • This is Compaq Computer’s 1st transaction in the Internet Software and Services sector.
  • This is Compaq Computer’s 4th largest (disclosed) transaction.
  • This is Compaq Computer’s 6th transaction in the United States.
  • This is Compaq Computer’s 2nd transaction in California.

M&A Deal Summary

Date 1999-02-16
Target Zip2
Sector Internet Software and Services
Buyer(s) Compaq Computer
Deal Type Add-on Acquisition
Deal Value 307M USD

Target

Zip2

Palo Alto, California, United States
Zip2 helps develop, host, and maintain consumer Web sites specifically for media companies.

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Buyer(S) 1

Buyer

Compaq Computer

Houston, Texas, United States

Category Company
Founded 1982
Sector Technology Hardware
Employees63,700
DESCRIPTION

Compaq Computer Corporation is a provider of enterprise technology and solutions. Compaq designs, develops, manufactures and markets hardware, software, solutions and services, including enterprise storage and computing solutions, fault-tolerant business-critical solutions, communication products, and desktop and portable personal computers that are sold in more than 200 countries.


DEAL STATS #
Overall 6 of 6
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 6
State: California M&A 2 of 2
Country: United States M&A 6 of 6
Year: 1999 M&A 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-26 Digital Equipment

Maynard, Massachusetts, United States

Digital Equipment was a supplier of networked computer systems, software and services.

Buy $9.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-06-29 AltaVista

Palo Alto, California, United States

AltaVista was a search engine that was widely used in the early stages of the internet. It was formed in 1995 and was shut down in 2013.

Sell $2.3B