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Friday, 28 August 2020 09:54

US tech industry M&A deals soar to US$17.64 billion in quarter Featured

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Technology industry M&A deals worth US$17.64 billion were completed in the US market in the second quarter of this year.

The value of the merger and acquisition deals in Q2 marked a decrease of 35.4% over the previous quarter and a drop of 53% when compared with the last four-quarter average of US$37.53billon, according to data and analytics firm GlobalData.

The GlobalData report shows that the US held a 27.05% share of the global technology industry M&A deal value that totalled US$65.23billion in Q2 2020.

And in terms of deal activity, the US recorded 395 deals during Q2 2020, marking a drop of 33.3% over the previous quarter and a drop of 28.4% over the last four-quarter average.

GlobalData says the top five technology industry M&A deals accounted for 82.7% of the overall value during Q2 2020, and the combined value of the top five technology M&A deals stood at US$14.59 bilion, against the overall value of US$17.64 billion recorded for the month.

The top five technology industry deals of Q2 2020 tracked by GlobalData were:

  • The merger of GCI Liberty and Liberty Broadband Corporation for $9.39bn
  • The $2.5bn acquisition of Navihealth by OptumHealth
  • Cisco Systems’ $1bn acquisition of ThousandEyes
  • The $985m acquisition of Finicity by Mastercard
  • Apttus’ acquisition of AppExtremes for $715m.

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Peter Dinham

Peter Dinham - an iTWire treasure is a mentor and coach who volunteers also a writer and much valued founding partner of iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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