SAN FRANCISCO — A stellar year for technology M&A shot deal spending up to a six-year high, breaking the previous record held before the 2008 recession. With the right conditions. dealmakers expect a continued ascent going into the new year.
“What we’re seeing is, finally, all the stars have aligned,” said San Francisco-based Morrison & Foerster partner Robert Townsend. “Historically, the cash has been there and the desire has been there, but finally there is the confidence to move forward on M&A transactions and there is now a stock market that, from time to time, is rewarding buyers for doing large transactions.”
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