In the global technology industry, there were 1299 M&A deals announced in Q2 2024, worth a total value of $51.3bn, according to GlobalData’s Deals Database. The $11bn acquisition of Intel by Apollo Global Management 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, M&A activity decreased by 58% in Q2 2024 compared with the previous quarter’s total of $123.2bn and rose by 10% as compared to Q2 2023. Related deal volume increased by 0.23% in Q2 2024 versus the previous quarter and was 6% lower than in Q2 2023.
Notably, foreign direct investments (fdi)-related deals accounted for a 35% share of the global technology industry’s M&A activity in Q2 2024, up 4% over the previous quarter.
The top-ranked financial advisors supporting these M&A deals in H1 2024 were Houlihan Lokey; Rothschild & Co; Evercore with 25, 21, 14 deals respectively.
The top-ranked legal advisors supporting these M&A deals in H1 2024 were Kirkland & Ellis; Wilson Sonsini Goodrich & Rosati Professional; Fenwick & West with 36, 25, 23 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.
