October 14, 2013 Comments Off on Internet DealBook Q3 2013
Internet DealBook Q3 2013
There was significant movement in the hardware and infrastructure sector this quarter. Verizon Communications spent big when it worked out a $130bn cash and stock deal to take complete ownership of joint venture Verizon Wireless. This was followed by Dell’s dramatic $24.9bn buyout to go private. Koch’s acquisition of Molex came in at at $7.2bn, with Microsoft’s acquisition of Nokia not far behind at $7.17bn.
The good news for budding software entrepreneurs is that the average deal value of software and services investments rose 60% from Q3 2012 to Q3 2013. This trend is expected to continue to grow as companies, angel investors and VCs continue to look cross-border for deals.
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