M&A Still Off Agenda For Europe’s Media Chiefs

European tech, media and telecoms (TMT) companies, still smarting from the dotcom boom, have shunned the mega-deals that are shaking up U.S. markets, opting instead to focus on their own balance sheets and returning cash to shareholders, as this story says.

Bankers expect a return to TMTs M&A in Europe in the next 12 to 18 months, notably in telecoms and IT services, but CEO are for now reluctant to dip their toes in the water. “Acquisitions are not on the agenda currently,” Infineon CEO Wolfgang Ziebart said at the Reuters Telecoms, Media and Technology summit, but he added that they were not off the agenda forever.

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