GrowthPoint Technology Partners provides weekly summary and outlook on last week’s technology M&A deal activity:
59 deals announced
Median multiple of 3.1x
$50B announced total deal value year to date in technology M&A activity with 986 closed transactions announced
Notable deals in technology M&A include:
Silver Lake to Acquire Qualtrics – Read More
Qualtrics (NASDAQ: XM), the leader and pioneer of the experience management (XM) software category, announced that it has entered into a definitive agreement to be acquired by Silver Lake, the global leader in technology investing, in partnership with Canada Pension Plan Investment Board (CPP Investments), in an all-cash transaction that values Qualtrics at approximately $12.5 billion.
Blackstone to Acquire Cvent – Read More
Cvent Holding Corp. (“Cvent”) (Nasdaq: CVT), an industry-leading meetings, events and hospitality technology provider, today announced that it has entered into a definitive agreement to be acquired by an affiliate of private equity funds managed by Blackstone (“Blackstone”) in a transaction valued at an enterprise value of approximately $4.6 billion.
T-Mobile to Acquire Mint Mobile – Read More
T-Mobile US (NASDAQ: TMUS) today announced that it has entered into a definitive agreement to acquire Ka’ena Corporation and its subsidiaries and brands: Mint Mobile, a successful direct-to-consumer (D2C) prepaid wireless brand in the U.S.; Ultra Mobile, a unique wireless service offering international calling options to communities across the country; and wholesaler Plum.
Download the full report below: