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Companies Anticipate Big Software Deals, With Help From Trump
Google (NASDAQ:GOOGL) could buy Salesforce, suggests one analyst. The software industry went on a shopping spree in 2016, and this year could be even busier, bolstered by the new president’s policies and firms aiming to expand their cloud services. As quoted in the press release: The value of software deals in 2016 topped $115 billion …
Google (NASDAQ:GOOGL) could buy Salesforce, suggests one analyst. The software industry went on a shopping spree in 2016, and this year could be even busier, bolstered by the new president’s policies and firms aiming to expand their cloud services.
As quoted in the press release:
The value of software deals in 2016 topped $115 billion for acquisitions closed or pending, according to data gathered by Bloomberg. That’s up about 19 percent from 2015 and easily outpaced the growth of deals in the overall technology market, which was slightly down. And this year is already off to a strong start with Cisco Systems Inc. agreeing to acquire AppDynamics Inc. for $3.7 billion right as the company was planning to go public.
Oracle Corp. and Salesforce.com Inc. were among the bigger buyers in 2016, but this year companies that have been relatively quiet may step up, analysts say. They could include other important names in enterprise technology — and potentially some of the biggest players in the broader industry: Google and Amazon.com Inc. The new Trump administration has talked about rewriting tax provisions that could return profits stored away in other countries, which would fuel the size and frequency of deals. And while blockbuster deals can be difficult to pull off, some see the potential for Google pursuing Salesforce.
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