Analysis of the key themes driving M&A activity reveals that autonomous vehicles accounted for 3 technology deals announced in Q4 2023, worth a total value of $42.7m. The $42.7m acquisition of Xperi by Tobii was the industry’s largest disclosed deal. GlobalData’s Tech, Media and Telecom (TMT) Industry Mergers and Acquisitions Deals by Top Themes report for 2023 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.

In value terms, autonomous vehicles-related deal activity decreased by 93% in Q4 2023 compared with the previous quarter’s total of $577.1m and fell by 88% as compared to Q4 2022. Related deal volume decreased by 50% in Q4 2023 versus the previous quarter and was 57% lower than in Q4 2022.

The top-ranked financial advisors supporting these M&A deals in Q4 2023 were Altor Equity Partners; Centerview Partners; Cohen with 1, 1, 1 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Q4 2023 were White & Case; Fasken Martineau DuMoulin; Foley Hoag with 2, 1, 1 deals respectively.

For further understanding of GlobalData's Tech, Media and Telecom (TMT) Industry M&A Deals by Top Themes in 2023 – Thematic Intelligence, buy the report here.

This content was updated on 8 January 2024

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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.