Total technology industry cross border M&A deals worth $26.75bn were announced in the US in Q4 2020, led by Marvell Technology Group’ $10.27bn acquisition of Inphi, according to GlobalData’s deals database.
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The value marked an increase of 13.6% over the previous quarter and a rise of 163.3% when compared with the last four-quarter average of $10.16bn.
The US held a 23.21% share of the global technology industry cross border M&A deal value that totalled $115.25bn in Q4 2020.
In terms of deal activity, the US recorded 124 cross border M&A deals during Q4 2020, marking an increase of 21.57% over the previous quarter and a a rise of 31.91% over the last four-quarter average.
US technology industry cross border M&A deals in Q4 2020: Top deals
The top five technology industry cross border M&A deals accounted for 80.6% of the overall value during Q4 2020.
The combined value of the top five technology cross border M&A deals stood at $21.57bn, against the overall value of $26.75bn recorded for the quarter.
The top five technology industry cross border M&A deals of Q4 2020 tracked by GlobalData were:
1) Marvell Technology Group’s $10.27bn acquisition of Inphi
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 $2.28bn acquisition of Institutional Shareholder Services by Deutsche Borse
5) Funimation Productions’ acquisition of Crunchyroll for $1.18bn.
Verdict deals analysis methodology
This analysis considers only announced and completed artificial intelligence deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.