1. Deals Analysis
January 28, 2021

US technology industry sees a rise of 56.41% in cross border deal activity in December 2020

By Carmen

US technology industry saw a rise of 56.41% in overall cross border deal activity during December 2020, when compared with the last 12-month average, led by Flutter Entertainment’s $4.18bn acquisition of Fanduel, according to GlobalData’s deals database.

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A total of 122 cross border deals worth $13.43bn were announced in December 2020, compared with the 12-month average of 78 deals.

M&A was the leading category in the month in terms of volume with 61 deals, which accounted for 50% of all cross border deals.

In second place was venture financing with 56 cross border deals, followed by private equity with five transactions, respectively accounting for 45.9% and 4.1% of overall deal activity in the US technology industry during the month.

In terms of value of cross border deals, M&A was the leading deal category in the US technology industry with total deals worth $12.15bn, while venture financing and private equity deals totalled $1.28bn and $8m respectively.

US technology industry cross border deals in December 2020: Top deals

The top five technology industry cross border deals accounted for 78.6% of the overall value during December 2020.

The combined value of the top five technology cross border deals stood at $10.55bn, against the overall value of $13.43bn recorded for the month.

The top five technology industry cross border deals of December 2020 tracked by GlobalData were:

1) Flutter Entertainment’s $4.18bn acquisition of Fanduel

2) The $3.67bn acquisition of Universal Music Group by Tencent Music Entertainment Group

3) Funimation Productions’ $1.18bn acquisition of Crunchyroll

4) The $1.1bn acquisition deal with Boston Dynamics by Euisun Chung, Hyundai Glovis, Hyundai Mobis and Hyundai Motor

5) Lightspeed POS’s acquisition of Upserve for $430m.

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.

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