Tech deals
Tech M&A Deal Value Nearly Doubles in Q2
The internet, IT services and software sectors took the lead in M&A deals for the second quarter, but overall there were more than a dozen deals exceeding $1 billion.
Upward Trend
There were 414 (both disclosed and undisclosed) tech industry M&A deals in the second quarter, totaling $82.9 billion in value (for disclosed deals only), up from 380 deals in the first quarter, totaling $42.1 billion in value.
Industry Sectors: Internet
There were 76 (undisclosed and disclosed) internet M&A deals worth $32 billion (disclosed only) in the second quarter of this year, compared with 59 deals worth $1.9 billion in the first quarter.
Industry Sectors: IT Services
There were 111 IT services M&A deals worth about $19.7 billion in the second quarter, compared with 105 transactions worth $17.3 billion in the first quarter.
Industry Sectors: Software
There were 170 software sector deals last year worth nearly $14.2 billion in the second quarter, compared with 174 deals worth $7.1 billion in the first quarter.
Industry Sectors: Hardware
The hardware sector saw 36 M&A transactions totaling just over $8.5 billion in the second quarter, compared with 26 M&A deals worth $8.2 billion in the first quarter.
Industry Sectors: Semiconductor
The semiconductor industry saw 21 M&A deals worth nearly $8.5 billion in the second quarter, up from to 16 deals worth $7.6 billion in the first quarter.
Top Deal of 2016: LinkedIn
Microsoft’s planned acquisition of LinkedIn, valued at $26.6 billion, topped the list of tech M&As in the second quarter.
Quintiles Transnational and IMS Health
Quintiles, a contract medical research provider, and IMS, a health care information company, have agreed to merge. The deal is valued at $8.9 billion.
HPE’s Enterprise Services Unit
Hewlett Packard Enterprise announced that it was spinning off its enterprise services business into Computer Sciences Corp. The deal is valued $8.5 billion.
Blue Coat Systems
Late in the second quarter, computer security company Symantec agreed to acquire cyber-defense specialist Blue Coat for $4.7 billion.
Integrated Device Technology
Also announced in the second quarter, a group of Chinese investors is buying IDT, a mixed-signal semiconductor manufacturer, for $4.2 billion.