What Form 8865 Acquisition 2024

In these cases, one plus one almost equaled zero. Welcome to watchmojo.com, and today we're counting down our picks for the top 10 most disastrous mergers in business history. I did it with as much or more excitement and enthusiasm as I did on that night when I first made love, some 42 years ago. For this list, we only considered mergers where the two parties were more or less of equal size or where the deal was at least billed as a merger of rough equals. That means we excluded acquisitions where a much larger company acquired a smaller company. Number ten: Excite and Home. With their shared VC firm Kleiner Perkins concerned about increasing competition, the high-speed cable internet services of the @Home network were combined with Excite's popular search engine in the hopes of attracting millions of subscribers. The resulting $6.7 billion Excite@Home deal was one of history's biggest mergers involving two internet companies. But the Nasdaq systemic meltdown and the culture clash between Excite's dot-com bubble and @Home's more corporate and conservative cable business ultimately led to its demise. Number nine: New York Central and Pennsylvania Railroads. This unlikely merger of two rival railroad companies was their attempt to remain relevant alongside the booming auto industry. Though Penn Central became one of the United States' biggest corporations, the company couldn't survive inflation, internal conflicts, bad management, and massive cost-cutting. A promised $200 million government loan never materialized, and in 1970, Penn Central filed for the biggest corporate bankruptcy to that point. Number eight: Kmart and Sears. It was businessman and investor Edward Lampert who united the struggling department store chain with the struggling discount store chain. Unfortunately, both Sears and Kmart continued to fail as Sears Holdings. With the subsequent recession and covering problems like poor...