As technology companies continue to chase revenue growth, the first quarter of 2017 continued to be significant for global deals in the technology sector. While software and chip deals seemed to dominate, trends also emerged involving technology IPOs and telecommunications and internet deals. Below is an overview of key deal activity in the technology sector for Q1 2017.
1. The first quarter prize goes to Toshiba: Globally, the largest technology-sector deal in play in the first quarter of 2017 was Toshiba’s offer on January 17 to sell its memory chip operations—a deal valued at $26.56 billion. The Toshiba assets are attracting attention from a number of private equity and strategic buyers and consortia. Bids are in progress, including a recent offer led by KKR & Co LP and the Japanese government-backed Innovation Network Corp of Japan fund. News reports indicate that Toshiba is planning a second round of bidding in May.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
