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.