The third quarter of 2016 was far from an average one. SoftBank’s takeover of UK-based ARM marked the largest ever acquisition of a European technology business.
The UK’s largest listed tech company, which employs 4,000 people, was purchased for a total of £24.3 billion (approximately €29 billion) at £17 per share by the Japanese telecom company.
That deal, along with several other smaller transactions, brought total exit volume to a record €40 billion across Europe, Israel and Turkey during Q3 2016, according data collected by Tech.eu. That’s a whopping 113% percent increase over the same period the previous year. But not taking the ARM deal into consideration, the value of all Q3 exits was just €11 billion, only slightly over half the volume of the same quarter the previous year.
In fact, taking the SoftBank/ARM deal out of the