Technology M&A in Q3 2019 was marked by increased competition for deals with deal value totaling $96b across 951 acquisitions. Strategic acquirers focused on finding substantial value in the middle market with median deal value of $40m compared to the far higher median of $325m paid by private equity firms. Some of Q3’s highlights included Broadcom’s announcement to acquire underperforming Symantec for $10.7b and the London Stock Exchange’s $27b acquisition of Refinitiv to better compete with US exchanges.
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