Total technology industry cross border M&A deals worth $104.34bn were announced globally in Q3 2020, led by NVIDIA’s $40bn acquisition of ARM, according to GlobalData’s deals database.
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The value marked an increase of 175.2% over the previous quarter and a rise of 231.76% when compared with the last four-quarter average, which stood at $31.45bn.
Comparing cross border M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $62.13bn. At the country level, the UK topped the list in terms of deal value at $47.36bn.
In terms of volumes, Europe emerged as the top region for technology industry cross border M&A deals globally, followed by North America and then Asia-Pacific.
The top country in terms of cross border M&A deals activity in Q3 2020 was the US with 98 deals, followed by the UK with 58 and Canada with 36.
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By GlobalDataIn 2020, at the end of third quarter, cross border M&A deals worth $158.25bn were announced globally in technology industry, marking an increase of 90.6% year on year.
Cross border M&A deals in technology industry in Q3 2020: Top deals
The top five cross border M&A deals in technology industry accounted for 69% of the overall value during Q3 2020.
The combined value of the top deals stood at $71.95bn, against the overall value of $104.34bn recorded for the quarter.
The top five technology industry cross border M&A deals of Q3 2020 tracked by GlobalData were:
1) NVIDIA’s $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.
