Analysis of the key themes driving M&A activity reveals that cryptocurrencies accounted for 12 technology deals announced in Q3 2023, worth a total value of $403m. The $295m minority acquisition of Riot Platforms by Vanguard Group was the industry’s largest disclosed deal. GlobalData’s Tech, Media and Telecom (TMT) Industry Mergers and Acquisitions Deals by Top Themes report for Q3 2023 delvers into the transformative themes steering M&A landscape in the TMT Sector. The report unveils essential insights, spotlighting trends and shifts within the industry. Buy the report here.
In value terms, cryptocurrencies-related deal activity increased by 40% in Q3 2023 compared with the previous quarter’s total of $288.2m and fell by 74% as compared to Q3 2022. Related deal volume decreased by 45% in Q3 2023 versus the previous quarter and was 67% lower than in Q3 2022.
The top-ranked financial advisors supporting these M&A deals in Q3 2023 were Galaxy Digital Partners; Needham Group; Stifel GMP with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q3 2023 were Cassels Brock & Blackwell; Becker & Associés; Bennett Jones with 2, 1, 1 deals respectively.
For further understanding of GlobalData's Tech, Media and Telecom (TMT) Industry M&A Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.