A new report by data and analytics company, GlobalData has revealed that globally, the technology industry deals $34.4bn in April 2020, an increase of 33.8 percent over the previous month and a drop of 21.2 percent when compared with the last 12-month average of $43.65bn.
In terms of the number of deals, the sector saw a drop of 11.8 percent over the last 12-month average with 1308 deals against the average of 1483 deals.
The top five technology industry deals of April 2020 tracked by GlobalData are General Atlantic Singapore Fund, Jinbo Yao, Ocean Link and Warburg Pincus Asia’s $13.99bn private equity deal with 58.com and the $5.7bn acquisition of Jio Platforms by Facebook.
Others are Macquarie Group’s $1.85bn acquisition of AirTrunk Operating, the $600.77m asset transaction with NOS SGPS by Cellnex Telecom and Aprogen KIC’s acquisition of Locojoy International for $336.9m.
These top five technology deals accounted for 65.3 percent of the overall value during April 2020, with Asia-Pacific leading the activity with deals worth $26.56bn.
The combined value of the top five technology deals stood at $22.47bn, against the overall value of $34.4bn recorded for the month.