This $23 billion software deal was struck at a decade-low valuation, as AI winner takes out loser
AI Summary
Schneider Electric, benefiting from the AI boom, has agreed to acquire an industrial design software company for $23 billion, a price reflecting a decade-low valuation. This deal underscores the intense competition in the tech sector, where established players are acquiring smaller firms to bolster their AI capabilities. The acquisition highlights the growing trend of consolidation in tech industries as companies seek to enhance their technological edge.
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