Total technology industry cross border M&A deals worth $271.71m were announced in Asia-Pacific in December 2020, led by Tencent’s $92m acquisition of Line Games, according to GlobalData’s deals database.
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The value marked a decrease of 79.7% over the previous month of $1.34bn and a drop of 90.05% when compared with the last 12-month average of $2.73bn.
Asia-Pacific held a 1.14% share of the global technology industry cross border M&A deal value that totalled $23.79bn in December 2020. With a 0.39% share and deals worth $92m, 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 30 deals during December 2020, marking a decrease of 16.67% over the previous month and a rise of 15.38% 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 December 2020: Top deals
The top five technology industry cross border M&A deals accounted for 91.2% of the overall value during December 2020.
The combined value of the top five technology cross border deals stood at $247.9m, against the overall value of $271.71m recorded for the month.
The top five technology industry cross border M&A deals of December 2020 tracked by GlobalData were:
1) Tencent’s $92m acquisition of Line Games
2) The $73.56m acquisition of Hangzhou Duozhun Data Technology by Ascential
3) CAE’s $35m acquisition of Merlot Aero Limited
4) The $31.72m acquisition of Soshin Electric by Walsin Technology
5) Peak Positioning Technologies’ acquisition of Zhongke Software Intelligence for $15.62m.