Tech Mergers and Acquisitions Go Into Hiatus
A report in the Wall Street Journal says that for the first time in seven years a quarter has passed without a $1 billion or greater value technology company merger or acquisition.
The WSJ says that while there were 625 global technology M&A deals in the first quarter of 2009 totaling $8 billion in value, it paled in comparison to the 835 M&A's worth $55.2 billion that happened during the first quarter of 2008.
It is likely that the value of all technology M&A's will set a new record low - which was $61 billion and set in 2003 - this year.
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