M&A: Tech times are changing

As Microsoft, Google, and now Yahoo vie to buy a stake in America Online, all eyes are on the technology M&A sector. Seth Ferguson, joint global head of technology M&A at UBS, reckons the market has not seen the last of large deals in this area. “Many companies valued at $750 million to multiple billions of dollars are in strategically vulnerable positions,” he says. “In the next five years, you’re going to see a lot of increased consolidation between these companies.