Cloud, smart mobility drive tech M&A in Q2
August 22, 2014
Grazed from CBROnline. Author: Editorial Staff.
Cloud and smart mobility have been responsible for about 42% of technology deal, with the global technology M&A rising by 57% to $52.4bn this year, a new report revealed. The latest report from Ernst & Young revealed that the disclosed value of M&A deals rose by 70% to $119bn during the second half of 2014, while the value dropped 21% in 2Q14 compared to Q1.
Ernst & Young Global Technology Industry Transaction Advisory Services leader, Jeff Liu, said: "Global technology M&A is on course for a blockbuster year in 2014. Technology companies are cash rich, and interest rates are low…
"Moreover, rapidly changing technology continues to create many new opportunities and so far in 2014, equity markets have remained resilient, exhibiting low volatility despite growing geopolitical unrest. "That reinforces executives’ confidence in the global economy and, in M&A, makes it easier for buyers and sellers to agree on valuations…
Read more from the source @ http://www.cbronline.com/news/cloud/cloud-saas/cloud-smart-mobility-drive-tech-ma-in-q2-220814-4351014