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The Depop app on a smartphone. Etsy last month agreed to buy London-based shopping app for $1.62 billion. (Photo: Bloomberg)
Businesses spent $1.74 trillion on mergers and acquisitions involving U.S. companies during the first six months of the year the highest amount in more than four decades as finance chiefs tapped into cheap funding options to acquire technologies, services and other assets.
Such transactions surged in value in the first six months of the year, up from $511.79 billion during the year-ago period and $1.28 trillion in the first six months of 2019, before the pandemic, according to data provider Refinitiv, which began tracking deals in 1980.
Cash-laden companies are on a mergers and acquisitions spree foxbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foxbusiness.com Daily Mail and Mail on Sunday newspapers.
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