Tech firms seeking record funding

New York

AN M&A frenzy in the tech world is creating a dilemma for investors already being asked to fund a record volume of deals elsewhere: how much to lend to an industry that's constantly changing.

Western Digital Corp is the latest to join the fray with its plans to purchase SanDisk Corp in a deal to be funded by about US$17 billion of new debt. That comes alongside Lam Research Corp's US$10.6 billion pact to acquire KLA-Tencor Corp and on the heels of Dell Inc's US$67 billion bid for EMC Corp.