Total technology industry cross border M&A deals worth $7bn were announced in the US in May 2021, with Clarivate’s $5.3bn acquisition of ProQuest being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 16.1% over the previous month of $8.3bn and a rise of 18.4% when compared with the last 12-month average of $5.88bn.
The US held a 36.21% share of the global technology industry cross border M&A deal value that totalled $19.22bn in May 2021.
In terms of cross border M&A deal activity, the US recorded 48 deals during May 2021, marking an increase of 9.09% over the previous month and a rise of 50.00% over the 12-month average.
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By GlobalDataUS technology industry cross border M&A deals in May 2021: Top deals
The top five technology industry cross border M&A deals accounted for 94.5% of the overall value during May 2021.
The combined value of the top five technology cross border M&A deals stood at $6.58bn, against the overall value of $7bn recorded for the month.
The top five technology industry cross border M&A deals of May 2021 tracked by GlobalData were:
1) Clarivate’s $5.3bn acquisition of ProQuest
2) The $500m acquisition of Clever by Kahoot!
3) Absolute Software’ $340m acquisition of NetMotion Software.
4) The $240m acquisition of Action Network by Better Collective
5) Genius Sports Group’s acquisition of Second Spectrum for $200m.
