Tech, Media, Telecom Divestitures Predicted To Bounce Back In 2023

Deloitte predicts the total value of technology, media and telecommunications (TMT) divestitures will increase by 35% to 50% in 2023 to a range of $250 billion to $300 billion in 2023, higher than the average of $244 billion for 2016  to 2020. "Many TMT companies still see divestitures as a path to becoming more agile in dealing with future uncertainties, and as conditions improve, they will likely once more begin to act," according to the report.