Photo Credit: iStock

Though the 2019 third fiscal quarter delivered very notable mergers and acquisitions (M&A), particularly Dish Network’s $5 billion asset transaction with Sprint and T-Mobile and Broadcom’s $10 billion-plus acquisition of Symantec, global tech industry M&A activity has actually decreased during the past year, according to a GlobalData report published Dec. 10.

Global technology industry M&A deals in Q3 2019 totaled $64.84 billion, a decrease of 24% over the previous quarter and a drop of 31.4% when compared with the last four-quarter average, which stood at $94.46 billion.

North America lead tech M&A value totals during the quarter with $36.21 billion, of which the United States accounted for 499 deals worth $36.08 billion – more than half of the global sum. The United Kingdom reported 109 M&A deals, followed by Japan with 78.

“In 2019, as of the end of Q3 2019, technology M&A deals worth $245.01 billion were announced globally, marking a decrease of 24.5% year-over-year,” GlobalData analysts wrote in the report.