Total technology industry cross border deals worth $31.07bn were announced globally for October 2020, with Marvell Technology Group’s $10.27bn acquisition of Inphi being the sector’s biggest investment, according to GlobalData’s deals database.
The value marked a decrease of 58.7% over the previous month and a rise of 10.6% when compared with the last 12-month average of $28.09bn.
In terms of number of cross border deals, the sector saw a rise of 5.7% over the last 12-month average with 428 deals against the average of 405 deals.
In value terms, North America led the activity with cross border deals worth $13.02bn in October 2020.
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Technology industry cross border deals in October 2020: Top deals
The top five cross border deals accounted for 75.5% of the overall value during October 2020.
The combined value of the top five cross border deals stood at $23.47bn, against the overall value of $31.07bn recorded for the month.
The top five technology industry cross border deals of October 2020 tracked by GlobalData were:
1) Marvell Technology Group’s $10.27bn acquisition of Inphi
2) The $9bn asset transaction with Intel by SK Hynix
3) Advent International and James M. Peck’s $2.7bn private equity deal with Nielsen
4) The $807.41m acquisition deal of Bisnode by Dun & Bradstreet Holdings
5) Teleperformance’s acquisition deal with Health Advocate for $690m.