The latest news about Microsoft acquiring GitHub for $7.5 billion has resulted in fairly some dismay on the software program builders’ facet. Over the last yr, the efficiency of the United Kingdom’s digital tech sector has been world-main, with British firms attracting extra capital than every other European nation. Our nice energy in technology and innovation, constructed on the UK’s excellence in R&D and inventive thinking, is demonstrated by the breadth of tech exercise right throughout the nation, and the highly effective networks being forged by the subsequent generation of entrepreneurs.
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Thanks to their deep pockets, Huge Tech can gobble up or squelch any new firm that threatens core revenue traces, irrespective of how indirectly. After all, an intrepid young entrepreneur can still spurn a buyout, but that’s easier said than completed. Not many individuals are brave enough (or silly enough) to turn down a billion dollars at the moment in hopes of much more later. And there may be the chance that the tech giants will use their huge armies of programmers to develop an almost equivalent product, and their vast authorized assets to defend it.
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CAMBRIDGE, Mass. (Mission Syndicate) â€” Have the tech giants â€” Amazon AMZN, +zero.82% , Apple AAPL, +1.12% , Fb FB, +1.fifty six% , Google GOOG, +1.06% , and Microsoft MSFT, +1.42% â€” grown too big, rich, and highly effective for regulators and politicians ever to take them on? The worldwide investment group seems to think so, at the least if sky-high tech valuations are any indication. But while that is likely to be good news for the tech oligarchs, whether it is good for the economy is far from clear.