TMT M&A Down 33% in 2022, GlobalData Says
M&A deals in tech, media and telecom plunged 33% globally in 2022, from $1.26 trillion in 2021 to $841 billion last year, GlobalData said Monday. Last year saw 124 deals valued at $1 billion or more, vs. 269 in 2021.…
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It said 2021 was particularly active in deal numbers and sizes, and the 2022 decline was particularly pronounced in Q4 2022. It said the TMT M&A outlook is uncertain going forward given rising interest rates, volatile markets and a slowing economy.