CNBC September 17, 2024
Key Points
– Since peaking at $1.5 trillion in 2021, tech transaction volume has plummeted, dropping to $544 billion last year, according to Dealogic. So far in 2024, that number sits at $465 billion.
– In addition to the macro challenges that hit in 2022, companies have been thwarted by a difficult regulatory environment in the U.S. and Europe.
– The coming presidential election provides little clarity because of contradicting views at the top levels of the two parties.
Google had been in talks to acquire marketing software maker HubSpot earlier this year, but no deal took place. The company then made a run at cybersecurity startup Wiz. But that didn’t happen either.
Google took a different tactic in closing...
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