North America — led by the US — has maintained its dominant position in the technology merger and acquisition (M&A) deals market in the first half of 2017.
For the first two quarters of the year North America made up 83 percent and 76 percent of the deal value respectively.
North America’s deal total has been pushed higher by three mega value deals (that’s deals with a value of over $500m) during the second quarter, totalling some $4bn.
The acquisition of WaveDivision by RCN Telecom accounted for a whopping $2.4bn.
North America was followed by Europe in a distant second place for deal value and the Asia-Pacific with 976.3m and $532.9m, respectively.
The largest deal in Europe was the $200m acquisition of Zenly, a social mapping start-up, by Snapchat, while the largest acquisition in Asia-Pacific region was worth $179.2m by Astratel Nusantara that acquired Baskhara Utama Sedaya.
According to GlobalData numbers, the total number of M&A deals announced globally in Q2 2017 in the technology segment was 615, with a combined deal value of $7.8bn.
