You are here: Home » Companies » News
Business Standard

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 ...

This article is no longer available in our repository.

There could be multiple reasons for this.

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