By: Sean Murphy (Norton Rose Fulbright/Inside Tech Law)
Earlier this year, we analyzed trends in mergers and acquisitions (M&A) within the technology sector, noting that the TMT (technology, media, and telecommunications) sector was the top performer in 2023 in terms of deal value and volume. While the sector has been relatively quiet this year, there are indications that this may be changing. In this report, we discuss the outlook for the tech sector across the UK, Europe, and China, and examine the influence of regulations on M&A activity.
A Subdued Landscape in Europe
Tech M&A activity across Europe has been somewhat muted overall, but there have been notable deals in recent months, highlighting the continued involvement of private equity firms in the market. We expect this trend to persist as private equity remains active in technology M&A across the region.
Slow Recovery in China
In China, the tech sector has shown signs of recovery, with a slight uptick in M&A activity during the first half of 2024, although the broader Asia-Pacific region remains sluggish. The recovery has been largely driven by cash-rich public companies and unicorn start-ups, alongside policy changes by the Chinese government aimed at attracting foreign investment.
However, geopolitical tensions—particularly the tech rivalry between the US and China—along with increased regulatory scrutiny, continue to pose challenges that are slowing the pace of M&A growth in China’s tech sector…
Featured News
EU and China to Continue Technical Negotiations on Electric Vehicle Tariffs
Oct 27, 2024 by
CPI
Pork Industry Giants Cite DOJ Letter to Bolster Defense Against Antitrust Claims
Oct 27, 2024 by
CPI
Paris Court Orders Google to Pay €26.5 Million to Equativ in Advertising Dispute
Oct 27, 2024 by
CPI
EU Fines Czech, Austrian Rail Operators €48.7M for Market Collusion
Oct 27, 2024 by
CPI
UnitedHealth and Amedisys Prepare for Key Antitrust Meeting with DOJ
Oct 27, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Chevron
Oct 24, 2024 by
CPI
A Quartet of Decisions That Cripple Agencies
Oct 24, 2024 by
Richard J. Pierce
Goodbye, Chevron: Rediscovering the Virtues of an Independent Judiciary
Oct 24, 2024 by
Alexander Volokh
A New Era of Deference: From Chevron to Loper Bright
Oct 24, 2024 by
Daniel E. Walters
Loper Bright and Antitrust: Limited Impact on Enforcement, but a Clear Constraint on FTC Rulemaking
Oct 24, 2024 by
David Kully, Lynn Calkins & Kenneth Racowski