Why Alphabet will acquire Intersect Power [Fortune]
International Business Machines Corporation (IBM)
Last international business machines corporation earnings: 4/20 04:08 pm
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Source: Fortune
We'll hang things up for the year on Dec. 24 and pick things back up on Jan. 5. Happy holidays. ( Keep the change, ya filthy animal. —AN Want to send thoughts or suggestions to Fortune Tech? Drop a line here Alphabet will acquire Intersect Power for $4.75 billion Sheldon Kimber, CEO of Intersect Power, right, at the Oberon Solar plant near Desert Center, California, on Oct. 25, 2023. Lauren Justice/Bloomberg/Getty Images Vertical integration? Been around since the Industrial Revolution. Carnegie and Rockefeller did it with steel and oil, respectively; a half-century later, RCA and IBM did it with consumer electronics and mainframes. (Even the venerable publisher of Fortune magazine couldn't resist buying paper mills —and the timber itself—in the middle of the 20th century.) On Monday, Google's parent company renewed its membership in the V.I. club with one of its largest-ever deals, behind only Wiz, Motorola Mobility, and Mandiant. Alphabet said it would pay $4.75 bil
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