Microsoft Corp.’s $26.2 billion deal for LinkedIn Corp. could trigger other large-cap M&A for business software and Internet companies. NetSuite Inc. and Ultimate Software Group Inc. could both be targeted by companies including SAP SE, IBM Corp. and Oracle Corp. that want to strengthen their cloud-computing assets, according to Mandeep Singh, an analyst at Bloomberg Intelligence. Twitter Inc. also has at least a 15 percent chance of seeking “strategic” M&A in the next 12 months, Goldman Sachs Group Inc. analysts wrote in a note to clients.

The Microsoft-LinkedIn deal “could potentially create a greater sense of urgency than there was before for acquisitions,” said James Cakmak, an analyst at Monness Crespi Hardt & Co. “If the perception is that there is an appetite out there and there’s a willingness to make moves, then that could help create urgency and help pick up the pace.”

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