In the wake of the $130 billion swap of stock, cash and other considerations between Verizon and Vodafone, the Associated Press, with help from the research firm Dealogic, updated the list of the biggest corporate acquisitions in history and two pharmaceutical deals remain in the top 10.
Mobile phone giant Verizon is buying out Vodafone, which held 45 percent of Verizon. That transaction would be second on the big-money list.
My former Inquirer colleague Mike Armstrong disliked the term merger because almost always one company is taking over another, with somebody or a lot of somebodies, exiting the company that is purchased. Perhaps they exited richer, but they exited either way.
The AP-Dealogic ranking had the 1999 Pfizer acquisition of Warner-Lambert Co. for $111.8 billion as the third largest on the list, before Verizon-Vodafone.