Analysis of the key themes driving M&A activity reveals that online travel accounted for 2 technology deals announced in Q4 2023, worth a total value of $1.5bn. The $1.5bn majority acquisition of GoTo Gojek Tokopedia by TikTok was the industry’s largest disclosed deal. GlobalData’s Tech, Media and Telecom (TMT) Industry Mergers and Acquisitions Deals by Top Themes report for 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, online travel-related deal activity remained flat in Q4 2023 compared with the previous quarter and as compared to Q4 2022. Related deal volume increased by 100% in Q4 2023 versus the previous quarter.
For further understanding of GlobalData's Tech, Media and Telecom (TMT) Industry M&A Deals by Top Themes in 2023 – Thematic Intelligence, buy the report here.