Analysis of the key themes driving M&A activity reveals that metaverse accounted for 41 technology deals announced in Q2 2024, worth a total value of $2.5bn. The $1.6bn acquisition of Matterport by CoStar Group was the industry’s largest disclosed deal. GlobalData’s Tech, Media and Telecom (TMT) Industry Mergers and Acquisitions Deals by Top Themes report for Q2 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, metaverse-related deal activity decreased by 11% in Q2 2024 compared with the previous quarter’s total of $2.8bn and rose by 1659% as compared to Q2 2023. Related deal volume decreased by 16% in Q2 2024 versus the previous quarter and was 27% lower than in Q2 2023.
The top-ranked financial advisors supporting these M&A deals in H1 2024 were Houlihan Lokey; Clairfield International; code & co with 2, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in H1 2024 were Cassels Brock & Blackwell; White & Case; Allen & Overy with 2, 2, 1 deals respectively.
For further understanding of GlobalData's Tech, Media and Telecom (TMT) Industry M&A Deals by Top Themes in Q2 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.
