Analysis of the key themes driving M&A activity reveals that metaverse accounted for 32 technology deals announced in Q2 2023, worth a total value of $125.1m. The $115m minority acquisition of Jot Art by KaJ Labs 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, metaverse-related deal activity decreased by 1% in Q2 2023 compared with the previous quarter’s total of $126.4m and fell by 86% as compared to Q2 2022. Related deal volume decreased by 33% in Q2 2023 versus the previous quarter and was 20% lower than in Q2 2022.
The top-ranked financial advisors supporting these M&A deals in Q2 2023 were Toronto-Dominion Bank; BDO International; Current Capital with 2, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Cassels Brock & Blackwell; Fasken Martineau DuMoulin; White & Case with 2, 2, 2 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.