TMT Market Sees Highest Share In Global M&A Pie Since 2001

Technology, Media and Telecommunication (TMT) deals until July 29, 2013 contributed 21.7 percent to global M & A, a record since 2001. Mergermarket in its recent TMT M&A trend report reveals TMT deals till July 29, 2013 amounted to $232.5 billion, sharing 21.7 percent in the total global M&A pie of $1,072.3 billion. TMT’s market share was just 13 percent in 2012’s comparative period. TMT has posted strong performance during 2013, despite weak performance seen by the overall M&A activity. Over 38 percent share during Q3 first month A few days back, Omnicom Group Inc. (NYSE:OMC) announced its merger of equals agreement…