Downturn halves IT/BPO mergers, acquisitions in Jan-July

IT and BPO companies appear to have largely stayed away from blockbuster meger and acquisition (M&A) deals so far this year.

Tech Mahindra’s acquisition of beleaguered Satyam fired-up the domestic deal street, but overall M&A and private equity (PE) transactions during the first seven months of 2009 were less than half of the year-ago levels in value and volume

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