Analog Devices – Linear Technology

Analog Devices in July agreed to buy Linear Technology in a $14.8 billion deal that could boost the combined company's prospects in the Internet of Things market.

Analog Devices said the deal nearly doubles its total addressable market from $8 billion to $14 billion.

"Our shared focus on engineering excellence and our highly complementary portfolios of industry-leading products will enable us to solve our customers' biggest and most complex challenges at the intersection of the physical and digital worlds," said Analog Devices CEO and President Vincent Roche in a statement. "We are creating an unparalleled innovation and support partner for our industrial, automotive, and communications infrastructure customers, and I am very excited about what this acquisition means for our customers, our employees, and our industry."