Why Dealmakers Expect Tech M&A to Keep Up Its Red-Hot Run
Bloomberg 1/24/2021 Liana Baker and Katie Roof
(Bloomberg) Dealmakers say technology CEOs are pondering their dream deals after a record year for global tech M&A that saw mega-transactions in areas from chips to enterprise software.
Global volume for tech and internet mergers and acquisitions reached $470 billion in 2020, second only to the dot-com bubble of 2000, according to data compiled by Bloomberg.
Salesforce.com Inc.’s December announcement that it was buying Slack Technologies Inc. for $25 billion the largest software deal of the year could spur other companies to revisit their wish lists, advisers said.
Apple Reported to Be Developing Its Own VR Headset
While long-rumored, new details have surfaced that Apple is planning to produce a high-end VR headset that could come as soon as 2022.
With VR headsets having been available to consumers for several years now, the small (but growing) market of VR development has established several big players like Oculus, HTC, and Valve. However, according to recent reports, Apple is potentially the next tech giant looking to carve out a space in VR with new details on the company’s long-rumored VR headset.
Bloomberg has reported that Apple is currently developing its own VR headset, with initial details giving a clearer picture of what to expect from the company’s first VR-capable device. According to
Despite a more than 5-percent decline in Nutanix Inc (NASDAQ: NTNX) shares since the turn of the year, Goldman Sachs sees plenty of reason to be positive and is modeling for a more than 40-percent return. The Analyst
Goldman Sachs Rod Hall initiated coverage of Nutanix s stock with a Buy. Read More.
Australian Stocks May Shed Laggard Tag in 2021
Bloomberg 12/17/2020 Jackie Edwards
(Bloomberg) For many investors Down Under, 2020 was a year to forget. Australia’s stock market struggled to regain ground during the pandemic, even as many others like the U.S. surged as investors continued their love affair with all things tech.
Next year will likely be a different story: With a vaccine-fueled global rebound benefiting cyclical shares, Australian stocks are set to shine.
Strategists from AMP Capital Investors Ltd. and Commsec expect the local benchmark to reach a record high in 2021, while Macquarie Group Ltd. forecasts double-digit returns amid a recovery in earnings on economic stimulus and rising commodity prices. The S&P/ASX 200 Index is 5.7% below its record reached in February this year.