NEW YORK—Dealmaking in the U.S. and Canadian media and telecom sectors remain sluggish with U.S. and Canadian media and telecom companies involved in 96 M&A transactions in May that had a total value of $1.99 billion, according to S&P Global Market Intelligence data.
That is down from the $17.59 billion in April across 99 transactions, S&P said, marking a return to levels last seen in March. By comparison, 183 deals were announced in May 2022 with an aggregate value of $1.45 billion.
