Analysis of the key themes driving M&A activity reveals that social media accounted for 22 technology deals announced in Q2 2023, worth a total value of $44.9m. The $30m acquisition of Soundtrap by Bjorn Melinder, Fredrik Posse and Gabriel Sjoberg 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, social media-related deal activity decreased by 61% in Q2 2023 compared with the previous quarter’s total of $114.3m and fell by 46% as compared to Q2 2022. Related deal volume decreased by 35% in Q2 2023 versus the previous quarter and was 4% lower than in Q2 2022.
The top-ranked financial advisors supporting these M&A deals in Q2 2023 were Benchmark Investments; Brookline Capital Markets; Citizens Financial Group with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Fenwick & West; Herzog, Fox & Neeman; Keystone Law Group 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.