Allianz's Price: M&A activity in the tech space is about to get really hot

Both in US & UK market

Walter Price, manager of the £333m Allianz Technology Trust, has said he is excited about the potential for M&A opportunities within the US technology space as President Trump's new GOP tax law has given some of the country's largest companies the ability to repatriate billions of dollars of profit from overseas.

The reform, which was signed by Trump on 22 December, will allow repatriation tax rates to be as low as 8% compared to the 35% companies would traditionally have to pay, and offer them the chance to either repurchase their own shares, invest in their own business or, in some cases, in other businesses. Price said: "M&A activity in the tech space is about to get really hot because US technology companies are in the process of bringing back billions of dollars' worth of cash. "I imagine a lot will be used for share repurchases, but this could also spark M&A in smaller companies. "Tec...