Tech Promises ‘Multi-Year’ M&A Boom, Says Morgan Stanley’s Cheng

Technology dealmakers are just beginning a supercharged period of mergers and acquisitions activity after racking up a record run this year, according to a senior Morgan Stanley banker.

“We’re on the second or third floor of what I think is a multi-year, rip-roaring upswing in tech M&A,” said Wally Cheng, head of global technology M&A at Morgan Stanley. “Every part of tech dealmaking is at an eight or nine out of 10.”