Tech deals are off to an explosive start this year, with transactions potentially beating the record of $792 billion in 2021.
Thanks to blockbuster deals by Microsoft and Elon Musk, acquisitions already hit $281 billion by the end of April, according to S&P Global Market Intelligence’s 451 Research. That means deals in the first four months of 2022 have already outpaced last year’s total of $253 billion for the same period, as the consolidation and competition trends continue across the tech and telecom industry.
Two key deals topped the charts: In January, tech behemoth Microsoft announced its largest-ever acquisition, a $74 billion deal for gaming giant Activision Blizzard.