Twenty-First Century Fox FOXA cancelled $98B bid for Time Warner TWX ranks as the second largest cancelation of a US merger and acquisition transaction. The only larger canceled deal came in 2000 when MCI Worldcom canceled a bid it began in 1999 for Sprint S. The MCI Worldcom and Sprint deal was valued at $127.8B in 1999. The canceled Fox bid for Time Warner brings announced US M&A deals down to $968B from $1.064T according to data from Capital IQ. M&A deals to date in 2014 are valued around $227B, up from 2013s full year deal value of $154B.
2014 Canceled M&A Deals By Sector - Data provided by Capital IQ
Sector | Number of Deals |
---|---|
Financials | 83 |
Consumer Discretionary | 59 |
Information Technology | 37 |
No Primary Industry Assigned | 36 |
Energy | 32 |
Industrials | 29 |
Materials | 21 |
Healthcare | 21 |
Consumer Staples | 20 |
Telecommunication Services | 7 |
Utilities | 3 |
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