Global technology industry deals total $131.01bn in Q2 2020

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Total technology industry deals for Q2 2020 worth $131.01bn were announced globally, according to GlobalData’s deals database.

The value marked an increase of 30.6% over the previous quarter and a drop of 0.8% when compared with the last four-quarter average of $132.11bn.

In terms of number of deals, the sector saw a drop of 6.8% over the last four-quarter average with 4227 deals against the average of 4534 deals.

In value terms, Asia-Pacific led the activity with deals worth $48.39bn.

Technology industry deals in Q2 2020: Top deals

The top five technology deals accounted for 36.8% of the overall value during Q2 2020.

The combined value of the top five technology deals stood at $48.16bn, against the overall value of $131.01bn recorded for the month.

The top five technology industry deals of Q2 2020 tracked by GlobalData were:

  • The merger of O2 Holding and Virgin Media for $18.82bn.
  • The $9.39bn merger of GCI Liberty by Liberty Broadband Corporation
  • General Atlantic Singapore Fund, Internet Opportunity Fund, Jinbo Yao, Ocean Link, Tencent Holdings and Warburg Pincus Asia’s $8.7bn private equity deal with 58.com
  • The $5.7bn acquisition of Jio Platforms by Facebook
  • Cinven Capital Management, KKR &Inc, Lorca Telecom Bidco, S.A.U and Providence Equity Partners’ private equity deal with Masmovil Ibercom for $5.55bn.

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