DealmakerThe Big Idea That Drove a Strong Year in Tech Dealmaking
It’s a no-brainer these days to say AI is driving tech mergers. As I wrote earlier this month, big AI deals and a deal-friendly presidential administration have pushed the value of U.S. announced tech mergers to more than $543 billion this year, the highest level since 2021. To Morgan Stanley bankers, the deals this year and over the next several years will be driven by one fundamental thesis: Companies are building or rebuilding the underlying technology infrastructure—software,...