Analysis of the key themes driving private equity deal activity reveals that metaverse accounted for 9 technology deals announced in Q1 2023, worth a total value of $131.9m. The $25m investment by ABO Digital in Spheroid Universe 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 80% in Q1 2023 compared with the previous quarter’s total of $652m and rose by 3910% as compared to Q1 2022. Related deal volume remained flat in Q1 2023 versus the previous quarter and was 125% higher than in Q1 2022.
The top-ranked legal advisors supporting these private equity deals in Q1 2023 were Integral Business Counsel; Kirkland & Ellis; Miles & Stockbridge PC 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.