Deal flow in the technology, media and telecommunications (TMT) sector has remained robust despite a decline in overall M&A activity, but that may be about to change, at least in the short term, according to Mergers & Acquisitions’ Mid-Market Pulse (MMP). (See related graphic).
Survey participants gave the TMT sector a three-month score of 63.0, nearly 17 points lower than six months earlier. The results suggest that even healthy sectors may take a hit in the first months of 2016. While a rising tide may float all boats, the opposite may also be true, especially in the wake of higher interest rates.