BREAKINGVIEWS-Tech’s also-rans are ripe for the plucking

Reuters08-30

(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.)

By Pranav Kiran

TORONTO, Aug 30 (Reuters Breakingviews) - Buyout barons are back to spending their $2.6 trln of dry powder, scooping up software companies like PowerSchool and Squarespace. With regulators restraining Big Tech and public market investors increasingly discerning, beleaguered sellers might be ready to take the money.

Full view will be published shortly.

Follow @PranavKiranBV on X

CONTEXT NEWS

GitLab, a U.S. provider of cloud-based software development tools whose investors include Google parent Alphabet, is exploring a sale after attracting acquisition interest, Reuters reported on July 17, citing people familiar with the matter.

(Editing by Jonathan Guildford and Streisand Neto)

((For previous columns by the author, Reuters customers can click on pranavkiran.t@thomsonreuters.com))

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