Total technology industry cross border M&A deals worth $12.15bn were announced in the US in December 2020, with Flutter Entertainment’s $4.18bn acquisition of Fanduel being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 293.2% over the previous month of $3.09bn and a rise of 179.3% when compared with the last 12-month average of $4.35bn.
The US held a 51.07% share of the global technology industry cross border M&A deal value that totalled $23.79bn in December 2020.
In terms of cross border M&A deal activity, the US recorded 61 deals during December 2020, marking an increase of 144.00% over the previous month and a rise of 90.63% over the 12-month average.
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US technology industry cross border M&A deals in December 2020: Top deals
The top five technology industry cross border M&A deals accounted for 86.9% of the overall value during December 2020.
The combined value of the top five technology cross border M&A deals stood at $10.55bn, against the overall value of $12.15bn recorded for the month.
The top five technology industry cross border M&A deals of December 2020 tracked by GlobalData were:
1) Flutter Entertainment’s $4.18bn acquisition of Fanduel
2) The $3.67bn acquisition of Universal Music Group by Tencent Music Entertainment Group
3) Funimation Productions’ $1.18bn acquisition of Crunchyroll.
4) The $1.1bn acquisition of Boston Dynamics by Euisun Chung, Hyundai Glovis, Hyundai Mobis and Hyundai Motor
5) Lightspeed POS’s acquisition of Upserve for $430m.