Tech mega deals hit record high

by Steve Randall22 Aug 2016
Global big-ticket tech deals hit new record

Big-ticket M&A deals in the global technology sector hit a new record in the second quarter of 2016 with 28 deals valued at USD1bn or more.
The quarter was also the third-highest ever by value with a 91 per cent rise from the first quarter to reach an aggregate USD127.2bn according to a report from EY.
The volume of all deals in the sector was up 4 per cent from the previous quarter and 2 per cent year-over-year with 1,039 deals.
Chinese buyers made a large impact, recording their highest quarter ever for M&A in the tech sector with USD32.3bn of deals where value was disclosed, bringing the year-to-date total to USD47.4bn, exceeding the whole-year total for 2015.
Allens adds Creed to banking team
King & Wood Mallesons’ partner Nicholas Creed will join Allens in Perth as a partner in its banking and finance practice on 1 December 2016.
With 25 years’ experience in the sector in Australia and the UK, Creed’s appointment is a “strategic investment” according to the baning & finance group’s leader Tom Highnam.
Fans launch lawsuit over Aussie singer’s “lacklustre” gig
A lawsuit has been filed against Australian singer Sia by fans who were disappointed by a recent concert in Israel.
The main complaint in the class-action is that she played for just 65 minutes but there was also displeasure at her trademark style of singing from the back of the stage with her face obscured by her hair. reports that fans said that the singer’s between-songs chat led to a “lacklustre” atmosphere and were also unhappy that the venue’s big screens were not showing the live show.
Sia’s tour promoter said that he is not aware that the lawsuit is against the singer personally and that the tour has been “extremely successful.”