Total technology industry deals for Q3 2020 worth $323.01bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 142.2% over the previous quarter and a rise of 146.7% when compared with the last four-quarter average of $131.14bn.

In terms of number of deals, the sector saw a drop of 1.7% over the last four-quarter average with 4423 deals against the average of 4499 deals.

In value terms, North America led the activity with deals worth $165.03bn.

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By GlobalData

Technology industry deals in Q3 2020: Top deals

The top five technology deals accounted for 38.7% of the overall value during Q3 2020.

The combined value of the top five technology deals stood at $125.06bn, against the overall value of $323.01bn recorded for the month.

The top five technology industry deals of Q3 2020 tracked by GlobalData were:

1) Nippon Telegraph and Telephone’s $40.72bn acquisition of NTT DOCOMO

2) The $40bn acquisition of ARM by NVIDIA

3) Analog Devices’ $20.45bn acquisition of Maxim Integrated Products

4) The $12bn acquisition of TikTok by Oracle and Walmart

5) ‘The merger of Churchill CapitalIII and MultiPlan for $11.89bn.

Verdict deals analysis methodology

This analysis considers only announced and completed 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.