Total technology industry cross border M&A deals worth $4.67bn were announced in the US in February 2021, with Embracer Group’s $1.37bn acquisition of Gearbox being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 71.1% over the previous month of $2.73bn and a drop of 2.3% when compared with the last 12-month average of $4.78bn.
The US held a 20.99% share of the global technology industry cross border M&A deal value that totalled $22.25bn in February 2021.
In terms of cross border M&A deal activity, the US recorded 49 deals during February 2021, marking an increase of 4.26% over the previous month and a rise of 40.00% over the 12-month average.
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US technology industry cross border M&A deals in February 2021: Top deals
The top five technology industry cross border M&A deals accounted for 91.2% of the overall value during February 2021.
The combined value of the top five technology cross border M&A deals stood at $4.26bn, against the overall value of $4.67bn recorded for the month.
The top five technology industry cross border M&A deals of February 2021 tracked by GlobalData were:
1) Embracer Group’s $1.37bn acquisition of Gearbox
2) The $1.17bn acquisition of SpotX by Magnite
3) Sinch’ $1.14bn acquisition of Inteliquent.
4) The $361.42m acquisition of Gerber Technology by Lectra
5) Kaleyra’s acquisition of mGage for $215m.