Key Highlights
- The TMT M&A market in Q3 2025 witnessed deals worth $256 billion, a growth of 10% compared to Q3 2024. This quarter recorded deal value worth $220 billion mega deals (defined as any deal valued at or more than $1 billion), a 12% increase compared to Q3 2024.
Scope
- This report provides an overview of merger and acquisition activity globally in Q3 2025 in TMT Sector
- It identifies the themes driving most notable to deals announced in Q3 2025 in the TMT Sector
Reasons to Buy
- Companies who invest in the right themes become success stories; those who miss the big themes end up as failures. If you want to understand the themes that drive an industry, simply look at the list of recent mergers and acquisitions (M&A).
- In this report we have listed down the most notable deals in TMT sector to make it easy for our clients to get a view of themes disrupting the sector and prepare for the future.
Table of Contents
- Executive Summary
- Review of the TMT M&A Market - Q3 2025
- TMT M&A Deals Analysis by Geography - Q3 2025
- Further Reading
- Report Authors
- Appendix 1: Deal Selection Criteria
- Appendix 2: Thematic Research Methodology
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Affinity Partners
- Public Investment Fund
- Silver Lake Management LLC
- Palo Alto Networks Inc
- AT&T Inc
- Space Exploration Technologies Corp
- Thoma Bravo LP
- Amphenol Corp
- CoreWeave, Inc
- US Government
- Nexstar Media Group Inc
- NVIDIA Corp
- Blackstone Inc
- Capgemini SE
- Intralot SA
- Cadence Design Systems Inc
- Patient Square Capital LP
- Advent International Corp
- Verisk Analytics Inc
- Thoma Bravo LP
- Centerbridge Partners LP
- Thoma Bravo LP
- Electronic Arts Inc
- CyberArk Software Ltd
- EchoStar
- Dayforce Inc
- CommScope
- Core Scientific Inc
- Intel Corp
- TEGNA Inc
- Intel Corp
- Technopro Holdings Inc
- WNS (Holdings) Ltd
- Bally’s
- Hexagon
- Premier Inc
- Sapiens International Corporation NV
- Exactlogix Inc
- Verint Systems Inc
- MeridianLink Inc
- Olo Inc

