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British Tech Firms Bought Up by Foreign Buyers After the Vote to Leave

The Second Day Of The Mobile World Congress
Photographer: Pau Barrena/Bloomberg

In the run-up to Brexit, the home of Alan Turing and Tim Berners-Lee is looking like a tech bargain.

Overseas bidders have announced about $60 billion in deals for British tech companies since the vote to leave the European Union three years ago, according to data compiled by Bloomberg. In 2016, the number of deals surged to the highest since at least 1998 and have maintained a higher level than any of the measured years before the vote, peaking at more than 200 in 2018, the data show.