Analysis of the key themes driving M&A activity reveals that digital banking accounted for 4 technology deals announced in Q2 2023, worth a total value of $165.7m. The $100m acquisition of Kaleyra by Tata Communications was the industry’s largest disclosed deal. GlobalData’s Tech, Media and Telecom (TMT) Industry Mergers and Acquisitions Deals by Top Themes report for Q2 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, digital banking-related deal activity increased by 1541% in Q2 2023 compared with the previous quarter’s total of $10.1m and fell by 93% as compared to Q2 2022. Related deal volume decreased by 33% in Q2 2023 versus the previous quarter.
The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Goodwin Procter; Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates; Stratulat Albulescu Attorneys at Law with 1, 1, 1 deals respectively.
For further understanding of GlobalData's Tech, Media and Telecom (TMT) Industry M&A Deals by Top Themes in Q2 2023 – Thematic Intelligence, buy the report here.