North America’s technology industry saw a rise of 39.00% in cross border deal activity during December 2020, when compared with the last 12-month average, led by Flutter Entertainment’s $4.18bn acquisition of Fanduel, according to GlobalData’s deals database.
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A total of 139 technology industry cross border deals worth $13.44bn were announced for the region in December 2020, against the 12-month average of 100 deals.
Of all the deal types, M&A saw most activity in December 2020 with 71 transactions, representing a 51.1% share for the region.
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By GlobalDataIn second place was venture financing with 60 deals, followed by private equity deals with eight transactions, respectively capturing a 43.2% and 5.8% share of the overall cross border deal activity for the month.
In terms of value of cross border deals, M&A was the leading category in North America’s technology industry with $12.15bn, while venture financing and private equity deals totalled $1.28bn and $8m, respectively.
North America technology industry cross border deals in December 2020: Top deals
The top five technology cross border deals accounted for 78.5% of the overall value during December 2020.
The combined value of the top five technology cross border deals stood at $10.55bn, against the overall value of $13.44bn recorded for the month.
The top five technology industry cross border deals of December 2020 tracked by GlobalData were:
1) Flutter Entertainment’s $4.18bn acquisition of Fanduel
2) The $3.67bn acquisition deal with Universal Music Group by Tencent Music Entertainment Group
3) Funimation Productions’ $1.18bn acquisition of Crunchyroll
4) The $1.1bn acquisition of Boston Dynamics by Euisun Chung, Hyundai Glovis, Hyundai Mobis and Hyundai Motor
5) Lightspeed POS’s acquisition of Upserve for $430m.
