That the deal happened so quickly after the warning is not surprising. The investor in question wouldn’t have tried to make unseemly public noise unless something was imminent. That the deal got done at the price it did, however, is notable. How come? Because private equity has more money than god and tech is cheaper than it has been in ages. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday. The combination, in light of the Coupa sale, makes us wonder if tech is about to discover itself amid a fire sale — a situation where the balance of power is not in its hands. This could apply to public tech companies and those that have yet to pull the trigger on an IPO for one reason or another. Neither cohort is in great valuations shape, making them similarly vulnerable.
Private equity could be gearing up to shop for vulnerable tech companies by Alex Wilhelm originally published on TechCrunch