Technology M and A 2026

USA TRENDS AND DEVELOPMENTS Contributed by: George Casey, Heiko Schiwek, Elena Rubinov, Vinita Sithapathy, Kristina Trauger, Pierre-Emmanuel Perais, Clara Pang and Gregory Gewirtz, Linklaters

tions, as they offer flexibility, risk mitigation and capi- tal efficiency where deal complexity and geopolitical sensitivity are high. Shareholder Activism in the Tech Sector The tech sector has emerged as a prime target for activist campaigners, who are increasingly pressing for changes at both the board and executive levels to bring in tech expertise and hold leadership account- able for company performance. Activists are also urg- ing tech firms to pursue strategic alternatives, includ- ing mergers, divestitures or break-ups, to unlock greater shareholder value. Notably, selective antitrust enforcement and government intervention in the tech sector have added complexity in general to corporate strategy and deal making.

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