Value of mergers and acquisitions across tech, media & telecoms contract
Blockbuster mergers and acquisitions across the technology, media and telecoms sector have slowed to the tune of $92bn over the first nine months of the year according to new market analysis.
According to Mergermarket deal making has plunged by a quarter over the period, $299.5bn worth of transactions having been carried out compared with $391.1bn during the same period a year ago – although the volume of such deals remained static at 2,370.
Amongst individual nations the US retained the single largest market share with 43% of global deals carried out on its territory with 892 transactions valued at $127.9bn. By contrast deals in Europe plunged to $47bn spread across 813 separate agreements amidst ongoing Brexit uncertainty.
Overall the top three deals to be carried out over the period were Discovery Communications' acquisition of Scripps Networks Interactive for $14.4bn; the $12.7bn purchase of Vodafone India by Idea Cellular and the $10.6bn purchase of a stake in Toshiba Memory by Bain Capital.
Another reason given for the apparent stall in the number of transactions is that there are simply fewer mid-size fish left in the sea that are worth eating following a spate of aggressive expansion from the bigger players.