- (0:20) - Microsoft Acquires Github For $7.5 Billion
- (3:25) - Adobe To Acquire Magento
- (5:00) - Paypal Buys iZettle For $2.2 Billion
- (7:00) - Salesfore and Mulesoft Acquisition
On today’s episode of the Tech Talk Tuesday podcast, Ryan McQueeney discusses Microsoft’s (MSFT - Free Report) $7.5 billion acquisition of open-source software development pioneer GitHub and recaps the latest M&A trends in the technology sector.
Remember to subscribe and leave a rating on Apple Podcasts if you enjoy the show!
Microsoft announced Monday that it is buying GitHub in an all-stock deal, underscoring the tech behemoth’s new commitment to open-source development and reinvigorating its software business. GitHub will continue to run relatively independently, and Microsoft will burn none of its more than $130 billion in cash to fund the deal.
Tax reform incentives seemed to suggest that tech firms would finally be spending some of their overseas cash on big deals this year, but that has not necessarily been the case so far. Still, a number of major tech M&As have gone down, and several interesting trends have emerged.
Ryan takes a look at Adobe’s (ADBE - Free Report) plan to buy e-commerce solutions provider Magento, as well as PayPal’s (PYPL - Free Report) acquisition of fintech firm iZettle, and examines how industry leaders are using new technologies to modernize small business transactions.
He also digs into Salesforce’s (CRM - Free Report) deal to take over MuleSoft and compares it to the Microsoft-GitHub acquisition. Salesforce and Microsoft, leaders in their own right, have looked at the evolving nature of the tech sector and expanded outside their traditional core businesses. Why? Ryan answers this question, and more, on today’s episode of Tech Talk Tuesday.
As a reminder, if you feel that we missed something, or if you want us to cover a different story, shoot us an email at firstname.lastname@example.org. Make sure to check out all of our other audio content at zacks.com/podcasts, and remember to subscribe and leave us a rating!
As always, thanks for listening to the Zacks Tech Talk Tuesday Podcast; we will see you next time!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>