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marquee tech deals go from glut to rut as consolidations stall

marquee tech deals go from glut to rut as consolidations stall News Article With The full text news. The Resource Link is down the post and you can View this News Article in the source page.



marquee tech deals go from glut to rut as consolidations stall

where have all the big-ticket tech acquisitions gone?there has been only one technology deal topping $5 billion this year — intel corp.'s $14 billion takeover of mobileye in march. last year, a dozen technology deals of more than $5 billion were announced. in 2015, there were seven."it is rather surprising, simply because over the past two years, which were watershed years, in 2015 and 2016, we saw so many," rick climan, hogan lovells m&a partner, said in an interview on bloomberg tv. "but we're coming off two blockbuster years and there's bound to be a falloff. 2015 and 2016 were monster years for tech, perhaps even aberrational years with the benefit of hindsight."it's possible companies are simply taking a break, returning to a calmer time. only two tech deals bigger than $5 billion were struck in 2014. buyers need to digest their targets, climan said. there are also fewer strategically logical transactions possible that wouldn't face antitrust hurdles.with a few months to go in the year, there's still time for deals to come together. toshiba is in talks to sell its memory chip business. parthenon-ey, one of the business units of what was formerly called ernst & young, is working on two large technology deals that could be announced before 2017 ends, according to barak ravid, the consulting firm's managing director and co-head of technology.global technology merger- and-acquisition volume is down 54 percent from a year ago, at $106 billion, according to data c...