Major deals marked the second quarter for the technology industry globally. They totaled $356.3 billion, up 20.4% from the previous quarter and 38.8% above the average for the past four quarters, according to the GlobalData report.
In terms of number of deals, the tech sector saw a 19.92% increase in the second quarter to 6,147 deals, compared to an average of 5,126 deals over the past four quarters. In terms of value, North America led the M&A market with $230.56 billion worth of deals.
Warner Media's $43 billion acquisition of Discovery is the largest deal in the technology industry between April and June 2021.
The top 5 deals accounted for 32.1% of total M&A value in the second quarter. The total value of the top 5 deals was $114.31 billion. Here is their list:
- Warner Media's $43 billion acquisition of Discovery;
- The $20.9 billion deal between Toshiba and CVC Capital Partners SICAV-FIS;
- Microsoft's $19.7 billion acquisition of Nuance Communications;
- Gulf Energy Development's $18.41 billion acquisition of Advanced Info Service Public;
- Thoma Bravo's $12.3 billion deal with Proofpoint