M&A In Focus: Tech Acquisitions and the ‘New Normal’ in 2023

After years of standing out, tech M&A slumped back to ordinary in 2022. No longer able to soar above other industries on an up-and-to-the-right trajectory for both growth and valuations, tech companies have switched the focus to improving what they already have rather than adding to it through acquisitions. Is this just a moment-in-time adjustment or the start of a larger shift for the multibillion-dollar tech M&A market?