Apple’s $7.3 billion acquisition of Baxter & Harris for $7 billion
Posted On August 3, 2021
Posted November 10, 2018 11:30:49 Apple has completed the acquisition of software and services company Baxter &am, bringing its software sales team to a much smaller size.
The deal is valued at $7,3 billion, according to a person familiar with the transaction.
The transaction is expected to close in the second quarter of 2019, according the person, who wasn’t authorized to discuss the matter publicly.
Baxter &.; Harris’ software business has seen a surge in recent years due to the explosion of mobile devices.
In 2018, Apple bought a majority stake in the company for $2 billion, the person said.
B&H had more than 500,000 software developers across the U.S., and Baxter &ams software services division was the largest in the U-S., according to the company’s website.
Billing documents indicate the acquisition will include a 50% stake in Baxter &s software services unit, with Apple owning the remaining 50%.
The deal follows an earlier announcement by Apple that it is investing in the mobile and enterprise market, including in the area of digital content delivery and delivery network management.
Bendable is a mobile app that lets users create and manage their own content and manage content from other apps on their smartphones, iPads, and Macs.
It also offers an SDK that lets developers build mobile apps with a range of platforms and devices, including Apple devices.
The company has been a key part of Apple’s mobile strategy, and Baxter has been among the companies that have helped Apple deliver the most popular mobile apps in the past few years, including iMessage, Maps, Photos, and iCloud.