Mergers and acquisitions
A PwC report points to fewer M&A deals in the second quarter than in the first, but the combined valuation of those deals was higher in the latest quarter.
There were 64 tech industry M&A deals in the second quarter, with a combined value of $24.1 billion, compared with 73 deals worth $22.3 billion in the first quarter.
There were 10 deals worth $9.9 billion in the second quarter in the hardware sector, up from seven deals worth $1.2 billion in the prior quarter.
There were 22 M&A software sector deals worth $5.5 billion last quarter, compared with 26 deals worth $3.5 billion in the prior quarter.
There were 14 IT services deals worth $4.3 billion in the second quarter, compared with 20 deals worth $7.6 billion in the first quarter.
There were 10 deals worth $3.3 billion in the second quarter this year in the Internet sector, compared with 12 deals worth $4.5 billion in the first quarter.
There were eight semiconductor deals worth nearly $1.1 billion last quarter, down from eight deals in the prior quarter worth $5.5 billion.
Thoma Bravo acquired Riverbed Technology, a provider of application performance infrastructure, for $3.5 billion.
HP bought Aruba Networks, a wireless network access solution provider, for $3 billion.
Bain Capital bought Blue Coat Systems for $2.4 billion. Blue Coat provides on-premise, hybrid and cloud-based security technology.
Raytheon acquired security specialist Websense for $1.9 billion.
LinkedIn bought Lynda.com, an online learning services company, for $1.5 billion.