Historically what we’ve done — we haven’t bought a company for revenue stream. We buy them for great people, great technology, for IP. Something that might be a feature of a product, or skills we could deploy. We’ve done several of those, and I think we’ll do several more. I don’t think we’re wired to buy a company for revenue.
- Tim Cook, Apple CEO, at D10 Conference today.
Different styles of M&A.
- Some buy for people, technology, patents, products.
- Others buy for revenue growth (Masan, for example).
Interesting to learn.