According to the report from analyst firm GlobalData the December decline in technology industry deals represented a drop of 17.3% when compared with the last 12-month average of US$46.94 billion.
In terms of the number of deals, the technology sector saw a drop of 13.4% over the last 12-month average with 1,293 deals against the average of 1,493 deals.
And in value terms, North America led the activity with deals worth US$17.73 billion.
According to GlobalData,the top five technology deals accounted for 40.4% of the overall value during December 2019 - with the combined value of the top five standing at US$15.68 billion, against the overall value of US$38.82 billion recorded for the month.
The top five technology industry deals of December 2019 tracked by GlobalData were:
- Evergreen Coast Capital and Francisco Partners’ US$4.3bn private equity deal with LogMeIn
- The US$3.56bn asset transaction with Reliance Industrial Investments and by Brookfield Infrastructure Partners
- Boyu Capital, Sequoia Capital China, Temasek Holdings (Private), Tencent Holdings and YF Capital’s US$3bn venture financing of Beijing Kuaishou Technology
- The US$2.6bn acquisition of Cincinnati Bell by Brookfield Infrastructure Partners
- Hg Saturn Fund’s private equity deal with P&I Personal & Informatik for US$2.21bn.