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Global M&A deal value shrunk in half for media and entertainment

Kerry Flynn
Jun 30, 2022
Illustration of a stock trend line falling down through a hole in a one hundred dollar bill
Illustration: Annelise Capossela/Axios

The deal value for global M&A activity in media and entertainment shrunk in half for H1 2022 compared to H2 2021.

Why it matters: Despite some massive TMT deals announced this year, the overall size of dealmaking has dropped significantly.

By the numbers: The value of M&A activity in media and entertainment decreased to $105.1 billion from Jan. 1 to June 28, compared to $215.5 billion over the same period the prior year, according to Refinitiv.

  • The number of deals in media and entertainment for H1 2022 was 1,546 deals compared to 1,710 deals in H1 2021.
  • Overall M&A activity during this time dropped 22% in deal value, per Refinitiv.

Meanwhile, the telecommunications sector only dropped 3.6% in deal value compared to this same time period the year prior.

Of note: The year's top deal in value is in TMT with Activision Blizzard's sale to Microsoft for $68.7 billion.

Go deeper: Global deal activity plummets in first half of 2022

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