The number of European technology mergers and acquisitions tumbled month on month in November as the worries over the state of the Eurozone influenced buyers.
The latest figures from M&A watchers Regent provide a clear indication of the extended impact of the current uncertainty in Europe is having with the number of deals down by 20% last month compared to October.
Despite the various attempts by politicians in Germany and France to calm concerns the crisis has rumbled on through November into December as economic problems spread from Greece to Italy.
"Speculation of mergers and takeovers in the telecoms industry has largely defined the month of November in the acquisitions arena. The biggest prospective deal in this sector is yet to go through, as uncertainty continues to cloud AT&T's proposed purchase of T-Mobile USA for a sum of $39bn," stated Regent.
The other highlight of the month was the EU giving the green light to the Western Digital takeover of the Hitachi hard disk drive business.