Analysis of the key themes driving M&A activity reveals that digital payments accounted for 10 technology deals announced in Q2 2023, worth a total value of $1.4bn. The $1bn acquisition of Pismo Solucoes Tecnologicas by Visa 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 payments-related deal activity increased by 45061% in Q2 2023 compared with the previous quarter’s total of $3.1m and rose by 1674% as compared to Q2 2022. Related deal volume increased by 43% in Q2 2023 versus the previous quarter and was 67% higher than in Q2 2022.
The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Fenwick & West; Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates; Bar & Karrer with 2, 2, 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.