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Deal activity in Asia outperforms Europe and US with surprise blockbuster sales spree

Bloomberg
Bloomberg9/28/2020 11:02 AM GMT+08  • 4 min read
Deal activity in Asia outperforms Europe and US with surprise blockbuster sales spree
At US$390 billion ($536.84 billion), deal activity in Asia Pacific in the third quarter is already at a record, according to data
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After the Covid-19 pandemic pulled down the curtain on dealmaking in the first half of the year, an unexpected bright spot emerged in the third quarter: Asia.

At US$390 billion ($536.84 billion), deal activity in Asia Pacific in the third quarter is already at a record, according to data compiled by Bloomberg. The volume of deals involving Asian companies this year has climbed nearly 11% from a year earlier, while those in Europe and the Americas have plunged.

Coronavirus remains a towering obstacle, and geopolitical tensions between the US and China have made some transactions harder to execute, if not impossible. Still, dealmakers are hardly sitting idle.

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