Microsoft’s proposed acquisition of LinkedIn helped spark a M&A rebound in the technology space during second quarter. Total deal value reached $82.9 billion during the quarter, compared to $42.1 billion in first quarter, according to data compiled by PwC. Deal volume jumped to 414, compared to 380 in first quarter. Some 15 deals worth at least $1 billion were announced during the quarter. ‘When you look at all the transactions across [the tech] industry, clients and executives in those businesses are looking for access to markets and consumers – just like any growing business is looking for,’ said Joe Atkinson, a technology, infocomm, entertainment & media advisory leader at PwC. ‘In the technology space, it’s all about scale.’ Shares of Microsoft rose 12.7 percent since its acquisition of LinkedIn was announced on June 13. LinkedIn shares gained a slight 0.3 percent. Other large tech deals announced during the quarter include Quintiles Transnational’s
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