April 22 - MarketWatch - PricewaterhouseCoopers said Monday that while the headlines are dominated by the negative implications of the global credit crunch, the global technology merger and acquisition market is proving to be a very resilient beast.
The first quarter of 2008 has already seen numerous landmark deals announced, including the pending bid for Yahoo by Microsoft, and in the U.K. the $1 billion leveraged buy-out of Northgate Information Solutions by KKR and the recently announced GBP190 million recommended offer by 3i for Civica, PwC said.
Current activity levels and deal pipelines suggest that strategic and transformational deals are still very much on the boardroom agenda of technology companies, and the demise of the LBO has been overplayed in the technology sector. Read More.
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