Tech M&A Rebound in Second Quarter Fueled by Microsoft-LinkedIn Deal

Microsoft's proposed acquisition of LinkedIn helped spark a M&A rebound in the technology space during second quarter.
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Microsoft's (MSFT) - Get Report proposed acquisition of LinkedIn (LNKD) helped spark a M&A rebound in the technology space during second quarter. Total deal value reached $82.9 billion during the quarter, compared to $42.1 billion in first quarter, according to data compiled by PwC. Deal volume jumped to 414, compared to 380 in first quarter. Some 15 deals worth at least $1 billion were announced during the quarter. 'When you look at all the transactions across [the tech] industry, clients and executives in those businesses are looking for access to markets and consumers - just like any growing business is looking for,' said Joe Atkinson, a technology, infocomm, entertainment & media advisory leader at PwC. 'In the technology space, it's all about scale.' TheStreet's Scott Gamm reports from Wall Street.