Total technology industry cross border M&A deals worth $3.4bn were announced in the US in June 2021, with Prosus’ $1.8bn acquisition of Stack Exchange being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 49% over the previous month of $6.66bn and a drop of 47.9% when compared with the last 12-month average of $6.53bn.
The US held a 20.68% share of the global technology industry cross border M&A deal value that totalled $16.44bn in June 2021.
In terms of cross border M&A deal activity, the US recorded 53 deals during June 2021, marking an increase of 6.00% over the previous month and a rise of 51.43% over the 12-month average.
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By GlobalDataUS technology industry cross border M&A deals in June 2021: Top deals
The top five technology industry cross border M&A deals accounted for 93% of the overall value during June 2021.
The combined value of the top five technology cross border M&A deals stood at $3.16bn, against the overall value of $3.4bn recorded for the month.
The top five technology industry cross border M&A deals of June 2021 tracked by GlobalData were:
1) Prosus’ $1.8bn acquisition of Stack Exchange
2) The $500m acquisition of Ecwid by Lightspeed POS
3) Craneware’ $400m acquisition of Sentry Data Systems.
4) The $260m acquisition of Message Broadcast by Link Mobility Group
5) nVent Electric’s acquisition of CIS Global for $200m.