Tech M&A Hits 20-Month High
Posted by: Spencer Ante on October 15, 2009
Recently, I wrote a story about the return of risk-taking to the U.S. technology sector. The story included M&A data that was current through Sep. 23. Well, I just got a hold of the numbers for the entire month, and they are impressive. All told, in Sep. 2009 there were 365 tech deals worldwide worth a total of $27.2 billion, according to Thomson Reuters. That is the most amount of tech deals since December 2007, when there were $27.3 billion worth of deals.
It may take a while longer to surpass the next biggest month in tech M&A, which was October 2007, when there were $37.7 billion worth of tech deals. But with big tech companies such as Cisco Systems on an acquisition rampage, we may get there sooner than we think. In the first two weeks of October, Cisco has already announced two deals worth $5.9 billion.
Here’s a spreadsheet with data from Thomson Reuters showing the last 20 months of tech M&A activity.
- Spencer Ante also publishes the Creative Capital blog. Click here to see more.