There have been 1,014 deals over the 12-month period valued at a combined $469 billion, a 28 percent increase over the same period a year earlier, the accounting firm noted.
The first half of 2022 was “marked by the continued trajectory of strong M&A activity in the media and telecommunications sector, following the rebound in the second half of 2020,” the firm highlighted. “As we head into the second half of 2022, deal momentum continues at a vigorous pace, despite increasing interest rates, the stock market decline in the tech sector and a potential recession.”
PwC also highlighted “several emerging trends shaping M&A activity in the sector, including investment in music streaming, increasing demand for sports and the continued shift to digital advertising.” Private equity deals continue to be responsible for increasing levels of deal activity, accounting for 42 percent of deals over the past 12 months, compared with 24 percent of all deals in 2018, the report mentioned. “Private equity deals represented $194 billion of announced deal value, about three-quarters of which was concentrated in the internet and software space,” according to PwC.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Boy, 12, is ‘made of glass’ — has broken 100 bones due to rare diseaseOsteoporosis, or “brittle bone disease,” makes him so fragile that a minor fall or other stresses can cause bones to fracture.
Read more »
12 Virtual And IRL Things To Do Around DC This WeekExplore the National Museum of the American Latino's first exhibit, learn about foraging and cider in Brightwood, or celebrate the solstice around D.C. this week.
Read more »
FUTURE MASTERS: Somani surges to 11-12 victoryArjun Somani prefers to be the hunter instead of the hunted going into the final round of a tournament.
Read more »
12 Dads on How the Pandemic Forever Changed Them as ParentsThank you to the dads who stepped up at home when the pandemic changed everything. ❤️
Read more »