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Mergers and Acquistions News

Categories: Media & Information Services, Telecoms, IT Services & Consulting, Semi-Conductors, BPO, Hardware, Software

December 31st 2010, 16:03PM

A good 2011 will see mergers and acquisitions get close to the $3 trillion (£1.9 trillion) mark, Tom Brunett, director of research for Wall Street Access, told the Wall Street Journal.

According to Thomson Reuters, the global M&A value stands at $2.5 trillion this year, a jump of 19 per cent year-on-year.

While the US is still responsible for the most activity (representing $773 billion of that $2.25 trillion), emerging markets more than made their mark, accounting for 17 per cent of all M&A activity at $378.5 billion.

"We're seeing activity pretty much across the board, and that's really important," Burnett told the Wall Street Journal.

The most significant deal in the telecoms sector for 2010 was America Movil's acquisition of Carso Global Telecom for $27.5 billion, the newspaper said.

Burnett explained that while M&A could get close to $3 trillion next year, there won't be a return to the "famous highs" because "there's just not the level of confidence in the boardroom that we need yet".

"The first half is going to be a continuation of what we're seeing now, maybe running at an annual average of $2 trillion to $2.5 trillion," Burnett told the newspaper.

The number one spot on the global M&A table looks set to be taken by Goldman Sachs this year, after Morgan Stanley claimed the prize in 2009.ADNFCR-1833-ID-800319595-ADNFCR

 

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