In the Middle East and Africa technology industry, there were 36 M&A deals announced in Q2 2024, worth a total value of $3.1bn, according to GlobalData’s Deals Database. The $1.5bn acquisition of G42.ai by Microsoft 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.
Smarter leaders trust GlobalData
In value terms, M&A activity in Middle East and Africa increased by 182% in Q2 2024 compared with the previous quarter’s total of $1.1bn and rose by 143% as compared to Q2 2023. Related deal volume decreased by 23% in Q2 2024 versus the previous quarter and was 14% lower than in Q2 2023.
The top-ranked financial advisors supporting these M&A deals in Middle East and Africa in H1 2024 were AcaciaCap Advisors Proprietary; Kingswood Capital Partners; Online Marketing Solutions Acanthos Ventures with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Middle East and Africa in H1 2024 were ArcStone Securities and Investments; CEE Attorneys Tomicek Legal; Erdinast, Ben Nathan & Co. Advocates with 1, 1, 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.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
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.
