In the North American technology industry, there were 504 M&A deals announced in Q3 2023, worth a total value of $48.1bn, according to GlobalData’s Deals Database. The $30.4bn acquisition of Splunk by Cisco Systems was the industry’s largest disclosed deal. GlobalData’s Tech, Media and Telecom (TMT) Industry Mergers and Acquisitions Deals by Top Themes report for Q3 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, M&A activity in North America increased by 89% in Q3 2023 compared with the previous quarter’s total of $25.4bn and rose by 38% as compared to Q3 2022. Related deal volume decreased by 2% in Q3 2023 versus the previous quarter and was 11% lower than in Q3 2022.

The top-ranked financial advisors supporting these M&A deals in North America in Q3 2023 were Raymond James Financial; Piper Sandler Companies; BDO International with 13, 10, 8 deals respectively.

The top-ranked legal advisors supporting these M&A deals in North America Q3 2023 were Kirkland & Ellis; Fenwick & West; Wilson Sonsini Goodrich & Rosati Professional with 35, 28, 23 deals respectively.

For further understanding of GlobalData's Tech, Media and Telecom (TMT) Industry M&A Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.

This content was updated on 20 October 2023

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.