14 days ago • Posted by William Ramstein
May's frenetic drumbeat M&A activity in the IT sector
''Deal volumes were up 120.2% year over year for the month, at about 229 transactions, according to data from S&P Global Market Intelligence. The same month in 2020 was particularly depressed, with deal markets reeling from the shock of the pandemic. However, the 2021 month also registered above 2019 deal volumes. For transactions with deal values announced, several made their way into the billions, with two cresting $5 billion. The most expensive handshake of the month was Clarivate PLC's $5.32 billion acquisition of ProQuest LLC, but Apollo Global Management Inc.'s $5.00 billion acquisition of Verizon Media LLC seemed to catch the most headlines.''