Tech M&A is going to pick up in 2018
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- There may be more M&A in the near future in the technology sector.
- Tech execs confidence level in the global economy has risen from 20% to 80%.
- More than half of tech execs say they will pursue deals in the next year.
- And the tax plan doesn't have that much to do with it.
While 2017 was a wash for tech M&A, we’re barely a month into the new year and that narrative is already changing.
This is hardly a surprise. In a single year, tech executives’ confidence in the global economy increased to more than 80%, from less than 20%, according to the 17th edition of the EY Global Capital Confidence Barometer – Technology. Pair this with optimism about corporate earnings, tax reform liquidity and confidence in credit availability, and you have an environment that is highly conducive to dealmaking. In fact, 57% of tech executives surveyed said they intend to pursue acquisitions in the next twelve months.See the rest of the story at Business Insider
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