Total technology industry cross border M&A deals worth $1.95bn were announced in Asia-Pacific in February 2021, led by Match Group’s $1.73bn acquisition of Hyperconnect, according to GlobalData’s deals database.
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The value marked an increase of 2337.5% over the previous month of $80m and a drop of 17.4% when compared with the last 12-month average of $2.36bn.
Asia-Pacific held an 8.76% share of the global technology industry cross border M&A deal value that totalled $22.25bn in February 2021. With an 8.00% share and deals worth $1.78bn, Republic of Korea (South Korea) was the top country in Asia-Pacific’s cross border M&A deal value across technology industry.
In terms of cross border M&A deal activity, Asia-Pacific recorded 34 deals during February 2021, marking an increase of 41.67% over the previous month and a rise of 25.93% over the 12-month average. Australia recorded nine deals during the month.
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Asia-Pacific technology industry cross border M&A deals in February 2021: Top deals
The top five technology industry cross border M&A deals accounted for 99.3% of the overall value during February 2021.
The combined value of the top five technology cross border deals stood at $1.94bn, against the overall value of $1.95bn recorded for the month.
The top five technology industry cross border M&A deals of February 2021 tracked by GlobalData were:
1) Match Group’s $1.73bn acquisition of Hyperconnect
2) The $90m acquisition of Moonfrog LabsLtd. by Stillfront Group
3) ASUSTeK Computer’s $53.61m acquisition of Portwell
4) The $52.2m acquisition of Dunamu by Hanwha Investment & Securities
5) Dixa’s acquisition of Elevio for $15m.