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That amount is also down from the $2.4 billion in M&A deals in the fourth quarter of 2008, when there were 61 deals.
Overall, the patterns highlight the importance of social relationships, including social ties, status, reputation, and norms that reinforce private preferences in M&A deals.
While nearly 85% of the targets in M&A deals since Sept. 1 have had market caps below $2 billion, Citi has found that nearly 70% of strategic buyers over the same period also fall into that category.
Around 60 of those companies have been acquired in M&A deals, pointing to strong returns, but both Cohen and his partner Mark Solon agree that the best is yet to come (again: Uber).
The possibility of foreign takeover could spur consolidation at home by prompting Eisai and other drugmakers to "bulk up by merger to become more competitive or at least less prone to takeover, especially by foreign takeover," thinks Casper Lawson, who heads the Tokyo office of Linklaters, a U.K. law firm specializing in M&A deals.
We also undertook 11 supplemental interviews: five with management consultants from three management consulting firms; three with the heads of the investment banking divisions of global banks that are leading M&A book runners, underwriters, and advisors; two with senior executives from a law firm; and one with a local accounting firm that is actively involved in M&A deals.
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The larger technology sector overall, which in PwC's report includes hardware, software, semiconductor, IT services and Internet companies, saw a dip in M&A deal volume as well.
In particular, some industry insiders are predicting a pick-up in big M&A deals in 2018.
Merger fever spreads to europe.a record $510 billion in european m&a deals completed in 1998.
So will the values continue to grow in technology M&A deals.
Since 2013, the iPhone maker shelled out a total of $5.1 billion in disclosed M&A deals, according to Crunchbase data.
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CEO of Professional Science Editing for Scientists @ prosciediting.com