Landmark Telecom Deal Drives Technology M&A to Post-Recession High in Q1

NEW YORK--(BUSINESS WIRE)--Bolstered by AT&T’s (NYSE:T) massive bid for T-Mobile USA, technology acquirers set a new post-recession spending high in the first quarter of 2011, shelling out $84bn to acquire 881 companies. This announced spending level is one-third more than the previous post-downturn high-water mark of $62bn set in Q2 2010, and the highest level of M&A spending since Q2 2008, according to the 451 M&A KnowledgeBase, a technology-focused M&A transaction database provided by leading industry analyst and data firm The 451 Group.