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Equity

Will falling tech valuations kick off a M&A boom?

Equity

TechCrunch

Business, News, Technology, Business News, Entrepreneurship

4.2372 Ratings

🗓️ 23 May 2022

⏱️ 9 minutes

🧾️ Download transcript

Summary

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. It's Monday, which means that Alex and Grace were back as a team to cover the biggest, boldest, and baddest technology news. We are once again back with your weekly kickoff! Here's what we got into: The stock market may not vomit all over itself today, which would be a nice break from recent weeks. Broadcom is working on buying VMware in what would prove to be a mega-deal. Shares of Broadcom are off on the news, while VMware stock is up sharply. The transaction would be worth tens and tens of billions of dollars, if consummated. Paytm earnings had lots to like, and some elements that were less salubrious. Shares of the Indian unicorn have recovered somewhat in recent days, but remains sharply depressed from its IPO price. In the startup world: BUD raised $36.8 million, SyIndr raised $12.6 million, and 1K Kirana put $25 million onto its balance sheet. And we closed out with the fact that there is no free lunch, even in the crypto world. Equity drops every Monday at 7 a.m. PDT and Wednesday and Friday at 6 a.m. PDT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hello and welcome back to Equity, the Tech Runge Podcast,

0:03.0

where we unpack the numbers and the nuance. And welcome back to Equity, the Tech Runge Podcast,

0:12.8

where we unpack the numbers and the nuance behind the headlines.

0:15.9

This is Alex.

0:16.9

It is Monday, May 23rd, 2022, and today we are not

0:21.2

going to talk about Elon Musk and Twitter.

0:23.7

Yes.

0:27.2

As we do every Monday morning, let's take a quick look around the world of money.

0:31.3

Over in Asia, stocks are mixed, Japanese shares are up, Chinese stocks are kind of more up and down.

0:36.6

Over in Europe stocks are mostly up today, a nice change and here in America stocks are set to rip higher at the open,

0:43.6

but I'm not going to promise that will actually happen given just how up and down things have been lately.

0:48.4

What's going on in crypto? Well, flat or up a point or two this morning.

0:52.6

Honestly, markets are looking chill and green this AM,

0:56.2

which is kind of a weird feeling after the past couple of weeks.

0:58.9

Yeah, it's been really busy and really chaotic

1:01.9

and frankly, we could use a quiet week so I don't want to jinx it

1:05.6

but at least we're starting off on the right foot. But overall a quiet stock

1:12.3

market does not mean that things are not happening.

1:14.9

They are.

1:15.9

News recently broke that Broadcom is in late stage talks to buy VMware, a company that Dell

1:20.4

spun out back in late 2021 you might remember that deal shares of

1:24.6

VMware are up about 22% in pre-market trading indicating that investors are

...

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