- The most active acquirers stayed active, though seem to be doing many small deals
- The 25th cash richest technology company had nearly $2.5B of cash on hand
- The large VC's, many with multiple funds continue to build capital war chests
- Median acquisition premium was 33%
Though public companies continue to have hefty cash balances, it seems as if a combination of a mismatch between buyer and seller expectation of value, a concern over government M&A scruitny, and an uncertain stock market has put a damper on activity. Though there is a way, the will is not keeping pace.