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August 10, 2011 05:39 pm GMT
While tech company IPOs have captured buzz of late, it looks like M&A activity in the sector has been booming. According to an Ernst & Young report, big deals drove the aggregate value of global technology M&A to $52.1 billion in the second quarter of 2011, nearly doubling the deal value from the first quarter (up 92 percent to be exact). Ernst & Young said that the surge was attributed mainly to industry consolidation and by ongoing innovations in areas such as cloud computing, smart mobility, internet and mobile video, the smart grid and solar energy.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/eYK_gnlmFK8/
Value Of Tech M&A Deals Nearly Doubled In Q2 2011 To $52.1 Billion
While tech company IPOs have captured buzz of late, it looks like M&A activity in the sector has been booming. According to an Ernst & Young report, big deals drove the aggregate value of global technology M&A to $52.1 billion in the second quarter of 2011, nearly doubling the deal value from the first quarter (up 92 percent to be exact). Ernst & Young said that the surge was attributed mainly to industry consolidation and by ongoing innovations in areas such as cloud computing, smart mobility, internet and mobile video, the smart grid and solar energy.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/eYK_gnlmFK8/
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