Analysis of the key themes driving M&A activity reveals that artificial intelligence accounted for 245 technology deals announced in Q1 2024, worth a total value of $35.4bn. The $14.3bn acquisition of Juniper Networks by Hewlett Packard Enterprise was the industry’s largest disclosed deal. GlobalData’s Tech, Media and Telecom (TMT) Industry Mergers and Acquisitions Deals by Top Themes report for Q1 2024 delvers into the transformative themes steering M&A landscape in the TMT Sector. The report unveils essential insights, spotlighting trends and shifts within the industry. Buy the report here.
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In value terms, artificial intelligence-related deal activity increased by 392% in Q1 2024 compared with the previous quarter’s total of $7.2bn and rose by 168% as compared to Q1 2023. Related deal volume increased by 20% in Q1 2024 versus the previous quarter and was 27% higher than in Q1 2023.
The top-ranked financial advisors supporting these M&A deals in Q1 2024 were Moelis & Co; ARC Group; Augment Partners with 2, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q1 2024 were Fenwick & West; Wilson Sonsini Goodrich & Rosati Professional; AZB & Partners with 4, 4, 3 deals respectively.
For further understanding of GlobalData's Tech, Media and Telecom (TMT) Industry M&A Deals by Top Themes in Q1 2024 – Thematic Intelligence, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.
