Exits in the UK tech sector are delivering great returns to their early backers. Brian Bollen looks at TouchType, the latest company to be snapped up by Microsoft.American tech giants have been paying top dollar for UK tech businesses in recent times. Perhaps the biggest was in 2014, when Google paid about $500m (£349m) for DeepMind – the artificial intelligence (AI) business that recently grabbed the headlines when its AlphaGo programme beat the Go world champion. In February, Microsoft crossed the pond – the tech giant acquired TouchType for $250m – the latest in a series of notable acquisitions of UK IT companies by US giants such as Amazon, Google and Apple.
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