Despite the 18% drop in the volume of mergers and acquisitions
as compared to last year, one sector that has not lost a step is
the technology sector. As of June this year there have been about
$260 billion in tech deals announced globally, as has been shown by
Dealogic data, making it clear that at least as of right now the
tech sector is immune to the effects of market volatility that has
other sectors approaching deals with caution. This is the highest
volume that the sector has seen for the period since the tail end
of the dot-com bubble in the year 2000.
The technology sector boom has been spurred by a number of
record breaking deals closed in the spring. The deals have been
precipitated by unprecedented reserves of cash amassed by the major
global tech companies. The top five tech companies in the United
States alone have over $504 billion in their reserves, with the top
50 accounting for $1.1 trillion. These major companies have begun
to pursue creative and
