Is the global desire to buy British a bad thing for UK tech firms?

Apple’s purchase of Shazam is just the latest big overseas acquisition of a UK tech business, but will it stop us developing our own Facebook?

Apple’s acquisition of music-recognition app Shazam, for a reported $400m (£300m), is just the latest in a string of major acquisitions of British technology companies by overseas suitors.

The purchase is Apple’s biggest since 2014, when it spent $3bn on headphone manufacturer Beats Electronics, and is one of the largest acquisitions this year for the British tech sector. It follows the sale of Imagination Technologies, which makes the graphics processors used in iPhones and iPads, to a Chinese private equity firm for $550m (£412m) in September.

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from Mergers and acquisitions | The Guardian http://ift.tt/2yJjMVZ