Hello reader,

Welcome to the May 2020 issue of The Dealmaker.

The impact of COVID-19 in transactions has been felt globally. If you have not read our whitepaper on our view of whats is going on and what might come next you should! Click here.

A couple of themes from the last 4 weeks. Dealmaking by the largest US tech companies for the second quarter is going strong. Last week, Facebook announced the acquisition of GIF-sharing platform provider Giphy, Microsoft agreed to buy virtual networking company Metaswitch Networks, and Apple reportedly bought NextVR, a virtual reality streaming startup. On the other hand, some key deals are coming to a halt with a number of sellers fighting it out with PE suitors that are trying to walk away from deals.

Here are some of the most important M&A news we have read this month: