Tech, cross-border deals set to drive Asia M&A next year

M&A word scrabble

Coronavirus-spurred growth in the technology sector will help drive M&A activity in the Asia Pacific next year, bankers and lawyers predict, with the potential easing of Sino-U.S. tensions likely to revive Chinese outbound investment.

Deals involving Asia Pacific firms totalled $1.2 trillion in 2020, up 12% from 2019. Seven of the year’s 10 largest transactions were announced in the third quarter, which in total accounted for 40% of the year’s deals by value.

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