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Tech deals reach highest level since dotcom boom

A report from EY has shown how deal-making in the technology sector has reached its highest levels since the dotcom boom, with the majority of deals over the past year deemed to be founded on 'reality-based' valuations. Overall, 3,512 mergers or acquisitions were completed in the global tech sector last year, at a total value of $237.6bn, the highest figure since 2000. The pace of growth did slowdown in the last quarter of the year, when 959 deals went through at a total value of $44.9bn. Around a third of the value came from "cross-border deals", with companies from across the world snapping up US companies. EY expects another year of strong technology M&A.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

 

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