Analysis of the key themes driving M&A activity reveals that ecommerce accounted for 54 technology deals announced in Q1 2024, worth a total value of $1.5bn. The $1bn minority acquisition of TDCX by Helium and Transformative Investments was the industry’s largest disclosed deal. GlobalData’s Tech, Media and Telecom (TMT) Industry Mergers and Acquisitions Deals by Top Themes report for Q1 2024 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, ecommerce-related deal activity decreased by 56% in Q1 2024 compared with the previous quarter’s total of $3.4bn and fell by 78% as compared to Q1 2023. Related deal volume decreased by 11% in Q1 2024 versus the previous quarter and was 17% lower than in Q1 2023.
The top-ranked financial advisors supporting these M&A deals in Q1 2024 were EF Hutton; Focus Capital Partners; Houlihan Lokey with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q1 2024 were Blake, Cassels & Graydon; Cassels Brock & Blackwell; CMS 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 Q1 2024 – Thematic Intelligence, buy the report here.
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