Technology industry deals total $268.8bn globally in Q2 2022

Broadcom’s $69bn acquisition deal with VMware was the Technology industry’s biggest deal of Q2 2022 as deals worth $268.8bn were announced globally in the quarter, according to GlobalData’s deals database.

The value marked a decrease of 10.1% over the previous quarter and a drop of 6.1% when compared with the last four-quarter average of $286.37bn.

In terms of number of deals, the sector saw a drop of 15.42% with 5914 deals in Q2 2022 against the average of 6992.50 deals in the last four-quarters.

In value terms, North America led the activity with deals worth $206.91bn.

Technology industry deals in Q2 2022: Top deals

The top five Technology industry deals accounted for 43.4% of the overall value during Q2 2022.

The combined value of the top five deals stood at $116.71bn, against the overall value of $268.8bn recorded for the quarter.

The top five Technology industry deals of Q2 2022 tracked by GlobalData were:

1) Broadcom $69bn acquisition deal with VMware

2) The $16bn acquisition of Black Knight by Intercontinental Exchange

3) DigitalBridge Group and IFM Investors $11bn private equity deal with Switch

4) The $10.51bn private equity deal for 90.1% stake in Ryder System by HG Vora Capital Management

5) GIC Special Investments,Hellman & Friedman and Permira IP $10.2bn private equity deal with Zendesk

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