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Global M&A activity drops 35% to $783 bn in Q3 on US-China trade tensions

Among the third quarter's biggest announced deals was chipmaker Broadcom Inc's $18 billion acquisition of software maker CA Inc

Reuters  |  New York/London 

Global mergers and acquisitions dropped to $783 billion in the third quarter, down 35 per cent from the prior quarter, as the escalating trade dispute between the United States and China cast a shadow on the financial and regulatory prospects of some deals. US chip maker Qualcomm Inc pulled its planned $44 billion acquisition of NXP Semiconductors NV in July after China delayed offering antitrust clearance, a move seen as retaliatory to the trade tariffs announced by the United States. This has cast uncertainty on the prospects of other deals involving global companies that ...

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First Published: Fri, September 28 2018. 06:07 IST
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