Big Tech Hungers for More Acquisitions
September 14, 2010 1:08 PM
If any industry has stood out in recent months when it comes to M&A activity, it's been technology. But more specifically, the narrative has been one of large tech firms purchasing specialized small to mid-cap companies at fairly attractive premiums.
The list is long, ranging from Intel’s (NASDAQ: INTC) purchase of McAfee (NYSE: MFE) last month to the bidding war between Hewlett-Packard (NYSE: HPQ) and Dell (NASDAQ: DELL) over data-center company 3Par (NYSE: PAR). Other recent deals include Oracle’s (NASDAQ: ORCL) purchase of Sun Microsystems and Dell’s purchase of Perot Systems. And on Monday, H-P agreed to scoop up IT-security firm ArcSight.
In total, the technology industry has done approximately $262.7 billion in mergers and acquisitions since the beginning of 2009, according to data provided by Dealogic.
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