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Microsoft CFO sees tech mergers on rise

More technology deals are on the way as the industry recovers from the recession, but Microsoft Corp is not poised to make a big deal soon, its chief financial officer told Reuters on Friday.

Potential acquisition targets felt that buyers weren't willing to pay high enough premiums during the market downturn, but that is starting to change, CFO Peter Klein said at the Reuters Global Technology Summit in New York.

Microsoft, which has $39.7 billion in cash and short-term investments on its balance sheet, makes dozens of smaller deals each year, mostly under $250 million. But Klein said the company is unlikely to do a "mega-acquisition," two years after its failed $47.5 billion bid to buy Yahoo Inc

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finance.yahoo.com
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