US Technology M&A insights: Q3 2012

October 2012
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US Technology M&A insights: Q3 2012

At a glance

Once bolstered by a series of mega-deals in excess of $10 billion, technology deal value declined in the third quarter and volume remained flat. Smaller IP deals and acquisitions continued while larger technology players remained on the acquisition sideline to focus on their internal operations after substantial consolidation in preceding quarters.

Once bolstered by a series of mega-deals in excess of $10 billion, technology deal value declined in the third quarter and volume remained flat. Smaller IP deals and acquisitions continued while larger technology players remained on the acquisition sideline to focus on their internal operations after substantial consolidation in preceding quarters.

In the third quarter of 2012, PwC found that technology sector transaction volume was essentially flat with 59 deals closed compared to 58 deals closed in the previous quarter. While cumulative quarterly deal values have been at or exceeded $25 billion each quarter during the past two years, the total deal value for the third quarter in 2012 dropped to $20.5 billion, the result of fewer large acquisitions. A year ago, deal activity in the third quarter of 2011 totalled 78 transactions with a cumulative deal value of $26.6 billion.