M&A deal in TMT sector dips 31% to $754 bn in 2022: GlobalData

The mergers and acquisitions (M&A) deal value fell 31 percent in the global Tech, Media, and Telecom (TMT) sector to $754 billion in 2022.
TMT deals in 2022The number of M&A deals in the TMT sector dropped 39 percent in 2022 as climbing inflation raised concerns over economic slowdown, reveals GlobalData.

There were 612 M&A deals with a transaction value greater than or equal to $50 million in the global TMT sector in 2022, Priya Toppo, Thematic Intelligence Analyst at GlobalData, said.

The US accounted for 69 percent of the total TMT deal value in 2022 and saw $510 billion worth of M&A deals.

Europe ranked second, with a total of 163 M&A deals in the TMT sector worth $136 billion.

APAC (excluding China) saw 94 deals with a total value of $46 billion in the TMT sector, while China recorded 47 deals worth a total of $17 billion.

The two biggest M&A dealsin the TMT sector in the US were Broadcom’s acquisition of shares of VMware for $69 billion and the acquisition of Activision Blizzard by Microsoft for $69 billion.

Europe witnessed several consolidation deals in the telecom sector, the biggest one being Orange Espana’s merger with MasMovil for $19 billion.

In 2022, the software and services sector generated a deal value of $431 billion, or 58 percent of the overall deal value; and a deal volume of 292, or 48 percent of the total deal volume.

The hardware sector recorded the second-highest deal value, with 138 M&A deals worth $134 billion.

The internet and media sector registered the third-highest deal value, with 136 M&A deals worth $127 billion. Telecom services generated 7 percent of the total 2022 deal value with just 46 deals worth a total of $54 billion.

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