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The 10 Biggest Tech Mergers And Acquisitions Of 2017

IT vendors, telecom giants, and solution providers got in on the M&A action during 2017, so there's no telling what new services are coming to the market in 2018. Here are ten of the biggest, headline-grabbing tech acquisitions of year.

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1. CenturyLink Combines With Level 3 Communications

Price: $34 billion

Telecom provider CenturyLink closed the deal to merge with fellow service provider Level 3 Communications for $34 billion following approval from the Federal Communications Commission on November 1. Combined, the new company forms the second largest domestic communications provider serving global enterprise customers.

Via the terms of the deal, CenturyLink shareholders own approximately 51 percent and former Level 3 stockholders own approximately 49 percent of the newly-combined company. The new CenturyLink has an estimated pro forma revenue of $24 billion, excluding revenue related to CenturyLink's co-location business sale and including estimated divestitures.

 
 
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