Total technology industry Merger & Acquisition deals in Q3 2020 worth $125.01bn were announced in the US, according to GlobalData’s deals database.
The value marked an increase of 630.4% over the previous quarter and a rise of 333.5% when compared with the last four-quarter average of $28.83bn.
The US held a 48.6% share of the global technology industry M&A deal value that totalled $257.14bn in Q3 2020.
In terms of deal activity, the US recorded 529 deals during Q3 2020, marking a rise of 31.3% over the previous quarter and a rise of 2.7% over the last four-quarter average.
The US technology industry M&A deals in Q3 2020: Top deals
The top five technology industry M&A deals accounted for 50.3% of the overall value during Q3 2020.
The combined value of the top five technology M&A deals stood at $62.84bn, against the overall value of $125.01bn recorded for the month.
The top five technology industry deals of Q3 2020 tracked by GlobalData were:
- Analog Devices’ $20.45bn acquisition of Maxim Integrated Products
- The $12bn acquisition of TikTok by Oracle and Walmart
- The $11.89bn merger of Churchill CapitalIII and MultiPlan
- The $11bn acquisition of Ellie Mae by Intercontinental Exchange
- Microsoft’s acquisition of ZeniMax Media for $7.5bn.