Microsoft just announced its heftiest acquisition, the biggest-ever in the software industry and among the largest in the history of technology.
None of those were good things, experts warned.
"Big deals don't work," said Roger McNamee, a career tech investor, who co-founded private equity firms Silver Lake and Elevation Partners, in an interview Monday on CNBC. "It's going to be hard to get the value out of this that I think they plan to get."
McNamee was referring to the $26.2 billion purchase of LinkedIn, a deal three times the size of Microsoft's biggest previous acquisition —the $8.5 billion purchase of Skype in 2011.
While Skype has worked out OK for Microsoft, at least from a usage perspective, the company's next-largest acquisitions have been total flops. The $6 billion purchase of aQuantive in 2007 and $7.2 billion acquisition of Nokia's handset business in 2014 both ended up as almost complete write-offs.
Microsoft is far from alone in struggling to make tech mega-deals work.