- Published: Thursday, 24 August 2017 12:50
- Sourced by SolutionsTeam
Law firm Baker McKenzie has released its latest quarterly Cross-border M&A Index, showing a massive drop in the number of inbound M&A deals across Africa and South Africa – but there’s a positive spin for the SA tech sector. According to the report, there were 17 inbound M&A deals in Africa in the second quarter (Q2) of 2017 – a 48 percent drop from 33 deals in Q2 2016. The total deal value for inbound deals amounted to US$780 million, decreasing by 83 percent year-on-year and 88 percent on a quarter-by-quarter basis.