Total technology industry cross border M&A deals worth $58.28bn were announced in the UK in Q4 2020, led by S&P Global’ $44bn acquisition of IHS Markit, according to GlobalData’s deals database.
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The value marked an increase of 23.1% over the previous quarter and a rise of 227.8% when compared with the last four-quarter average of $17.78bn.
The UK held a 50.57% 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 UK recorded 72 cross border M&A deals during Q4 2020, marking an increase of 18.03% over the previous quarter and a rise of 10.77% over the last four-quarter average.
UK technology industry cross border M&A deals in Q4 2020: Top deals
The top five technology industry cross border M&A deals accounted for 99.2% of the overall value during Q4 2020.
The combined value of the top five technology cross border M&A deals stood at $57.79bn, against the overall value of $58.28bn recorded for the quarter.
The top five technology industry cross border M&A deals of Q4 2020 tracked by GlobalData were:
1) S&P Global’s $44bn acquisition of IHS Markit
2) The $11.69bn asset transaction with CK Hutchison Holdings by Cellnex Telecom
3) Take-Two Interactive Software’s $999.12m acquisition of The Codemasters SoftwareLtd
4) The $729.23m acquisition of IMImobile by Cisco Systems Holdings UK
5) Modern Times Group MTG’s acquisition of Hutch Games for $375m.
Verdict deals analysis methodology
This analysis considers only announced and completed big data 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.