Total technology industry cross border deals worth $29.4bn were announced globally for December 2020, with the $4.49bn acquisition of Siltronic being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 59.6% over the previous month of $72.8bn and a drop of 10.8% when compared with the last 12-month average of $32.97bn.
In terms of number of cross border deals, the sector saw a rise of 12.50% with 459 deals in December 2020 when compared to the last 12-month average of 408 deals.
In value terms, North America led the activity with cross border deals worth $13.44bn in December 2020.
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technology industry cross border deals in December 2020: Top deals
The top five cross border deals accounted for 54.7% of the overall value during December 2020.
The combined value of the top five cross border deals stood at $16.07bn, against the overall value of $29.4bn recorded for the month.
The top five technology industry cross border deals of December 2020 tracked by GlobalData were:
1) GlobalWafers’ $4.49bn acquisition of Siltronic
2) The $4.18bn acquisition of Fanduel by Flutter Entertainment
3) Tencent Music Entertainment Group’s $3.67bn acquisition of Universal Music Group
4) The $2.56bn acquisition deal of Kabel Deutschland by Vodafone Group and Vodafone Vierte Verwaltungs
5) Funimation Productions’ acquisition deal with Crunchyroll for $1.18bn.