Total technology industry cross border M&A deals worth $5.9bn were announced in North America in Q2 2022, led by Deutsche Telekom’s $2.4bn acquisition of SoftBank Group and T-Mobile US, according to GlobalData’s deals database.
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The value marked a decrease of 55.6% over the previous quarter and a drop of 61.3% when compared with the last four-quarter average of $15.25bn.
North America held a 27.08% share of the global technology industry cross border M&A deal value that totalled $21.79bn in Q2 2022. With a 26.98% share and deals worth $5.88bn, the US was the top country in North America’s cross border M&A deal value across technology industry.
In terms of deal activity, North America recorded 130 cross border deals during Q2 2022, marking a decrease of 30.85% over the previous quarter and a drop of 35.24% over the last four-quarter average. The US recorded 88 deals during the quarter.
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North America technology industry cross border M&A deals in Q2 2022: Top deals
The top five technology industry cross border M&A deals accounted for 89.3% of the overall value during Q2 2022.
The combined value of the top five cross border M&A deals stood at $5.28bn, against the overall value of $5.9bn recorded for the quarter.
The top five technology industry cross border deals of Q2 2022 tracked by GlobalData were:
1) Deutsche Telekom $2.4bn acquisition deal with SoftBank Group and T-Mobile US
2) The $1.88bn acquisition of Brightly Software by Siemens
3) Hudson’s Bay $500m acquisition deal with Sentry Centers Holdings
4) The $300m acquisition of Crystal Dynamics,Eidos Montreal and Square Enix Montreal by Embracer Group
5) Paddle.com Market $200m acquisition deal with 200 OK