11/06/1998 Compaq bought DEC for $9bn in the biggest IT deal until then
In 1998, Compaq acquired Digital Equipment Corporation for a then-industry record of $9 billion USD. The merger made Compaq, at the time, the world's 2nd largest computer maker in the world in terms of revenue behind IBM. Digital Equipment had been a leading computer company during the 1970s and early 1980s.
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