Asia Trounces Europe, U.S. With Surprise Record Deal Spree
- Technology, e-commerce fuel resurgence from mid-year slump
- Geopolitical tensions put a damper on some China M&A
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After the Covid-19 pandemic pulled down the curtain on dealmaking in the first half of the year, an unexpected bright spot emerged in the third quarter: Asia.
Companies in Asia Pacific have announced $404 billion of deals since the start of July, marking the busiest third quarter on record, according to data compiled by Bloomberg. The volume of deals in the region has climbed nearly 11% from a year earlier, while those in Europe and the Americas have plunged.