A quarterly report from PriceWaterhouseCoopers of U.S. tech companies showed that these cash-rich firms went on a shopping spree in the second quarter, one likely to continue through the year even if the stock market hiccups.
U.S. tech companies were involved in 62 deals in the second quarter, valued at a total of $26.7 billion — an 87% jump from the year-ago quarter. Cash balances among the top-25 tech giants grew to more than $350 billion.
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