Market consolidation: IT distributors Synnex and Tech Data announce $7.2B merger

Synnex Corp. and Tech Data Corp., two top distributors of information technology products, today announced that they’ve inked a $7.2 billion agreement to merge into a single company. The combined firm is expected to have pro forma revenues of about $57 billion. Synnex and Tech Data’s combined pro forma profits, in turn, will amount to […]

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