1. Deals Analysis
November 27, 2020updated 01 Dec 2020 3:56pm

Technology industry cross border deals total $132.01bn globally in Q3 2020

NVIDIA’ $40bn acquisition of ARM was the technology industry’s biggest cross border deal of Q3 2020 as cross border deals worth $132.01bn were announced globally in the quarter, according to GlobalData’s deals database.

The value marked an increase of 82.9% over the previous quarter and a rise of 115.3% when compared with the last four-quarter average of $61.31bn.

In terms of number of cross border deals, the sector saw a drop of 4.08% over the last four-quarter average with 1174 deals against the average of 1224 deals.

In value terms, Europe led the activity with cross border deals worth $71.18bn in Q3 2020.

Technology industry cross border deals in Q3 2020: Top deals

The top five technology industry cross border deals accounted for 54.5% of the overall value during Q3 2020.

The combined value of the top five cross border deals stood at $71.95bn, against the overall value of $132.01bn recorded for the quarter.

The top five technology industry cross border deals of Q3 2020 tracked by GlobalData were:

1) NVIDIA’ $40bn acquisition of ARM

2) The $9.2bn acquisition of eBay Classifieds Group by Adevinta

3) Altice USA’ $8.52bn acquisition of Cogeco and Cogeco Communications

4) The $7.43bn acquisition of Sunrise Communications by Liberty Global

5) Merger of Clarivate Analytics (US) and CPA Global for $6.8bn.

Verdict deals analysis methodology

This analysis considers only announced and completed big data deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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