Big tech set to shop for discounted startups

M&A deal advisers and investors are making moves to usher in a significant increase in acquisitions later this year and into 2023.

"There is a lot [of deal activity] in progress right now," said attorney Aly Simons, a partner and co-chair of the tech M&A practice at Goodwin. 

She said merger talks were nearly non-existent in the summer, but it all changed around Labor Day. Now she's advising on what she called a "massive set" of deals between big tech and VC-backed companies. Deals in the mix are priced in the $200 million range on up to nearly $1 billion, Simons said. She declined to give specifics on deals that are in confidential talks. Last month, Google's parent company, Alphabet, acquired Israeli climate-tech startup Breezometer for an estimated $200 million."