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Coronavirus epidemic promotes global corporate mergers and acquisitions

by YCPress

December 8th, New Media Special Report According to the website of Spain’s Le Monde on December 5, the fourth quarter of 2020 is expected to become the most active quarter of global mergers and acquisitions since 2016.

According to Bloomberg, the amount of mergers and acquisitions announced in October and November alone reached $760 billion.

The COVID-19 epidemic that triggered the labor market crisis is also the cause of some mergers and acquisitions.

In fact, the new mergers and acquisitions are one of the most obvious examples of the lasting and real impact of COVID-19.

According to reports, cloud service giant Salesforce Networks has acquired Slake Technology, which specializes in providing services to enterprises, especially online communication services between employees, for a transaction of $27 billion.

Salesforce Networks’ bet is that no matter how many vaccines have been available globally for COVID-19, the proportion of telecommuting will not decrease. It seems that the company is convinced of this, because it offers a 50% premium for Slack Technology.

Through this acquisition, Salesforce Network Company was also able to promote itself to a direct competitor of Microsoft, the “king” of cloud services. So maybe COVID-19 is bringing us another internet giant that will join Apple, Facebook, Amazon, Netflix and more.

The report pointed out that the pandemic has not only promoted telecommuting, but also raised the importance of data and professional information.

If they were important in the past, now they are even more important. This seems to be the fundamental reason why S&P Global recently announced its plan to acquire Essen Huamai in the United Kingdom for $44 billion.

S&P wants to create an information giant that can compete with Bloomberg Group and Rovert. The trend of integration in the industry seems overwhelming.