S&P Global: October Extends Infotech M&A Boom As New Adviser Mediates Top Deal
M&A activity in the sector was up 20.6% year over year in October with 252 deals recorded by S&P Global Market Intelligence. The jump in activity is notable because M&A activity had returned to normal by October 2020 after a pandemic-related dip. The 209 transactions recorded a year ago were 0.5% more than the same month in 2019, itself a healthy year for information technology deal activity. October also saw a new face among the biggest information technology transaction advisers as LUMA Partners LLC advised on a transaction between Twitter Inc.Keep Reading