Intellizence offers the latest news and data on Mergers and Acquisitions Deals. The top 10 largest Mergers & Acquisitions deals announced in 2022 were:

Microsoft acquired Activision Blizzard  

Announced Month: January 2022

Value: $68.7 billion

Industry: Gaming

In January 2022, Microsoft made headlines with the acquisition of the largest video game maker Activision Blizzard for $95.00 per share in a transaction valued at $68.7 billion. It was a step for Microsoft to enter the gaming business across mobile, PC, console, and cloud and provide a building block for the metaverse.

Microsoft became the world’s third-largest gaming company by revenue. Tencent and Sony are ahead. The planned acquisition includes iconic franchises from the Activision, Blizzard, and King studios like “Warcraft,” “Diablo,” “Overwatch,” “Call of Duty” and “Candy Crush,” in addition to global eSports activities through Major League Gaming. 

In December, the Federal Trade Commission sued to block the acquisition stating that Microsoft would gain control of top video game franchises, and harm competition in high-performance gaming consoles and subscription services.

Further, a group of gamers has filed a law suite to stop Microsoft from buying Activision Blizzard, alleging the acquisition would stifle competition and reduce consumer choice.

Broadcom acquired VMware

Announced Month: May 2022

Value: $61 billion

Industry: Technology

Broadcom, a global technology leader that designs, develops, and supplies semiconductor and infrastructure software solutions, has acquired VMware, a leading innovator in enterprise software, for approximately $61 billion. This is by far one of the largest technology deals of 2022. Broadcom Software Group to operate as VMware.

“Together with Broadcom, VMware will be even better positioned to deliver valuable, innovative solutions to even more of the world’s largest enterprises,” said Dell Technologies CEO Michael Dell, in a statement.
Michael Dell has retained a 40 percent stake in VMware following its spinoff and is expected to receive $21.65 billion in cash and stock through the deal.

Elon Musk has taken over control of Twitter 

Announced Month: January 2022

Value: $44 billion

Industry: Social Media Technology

The social media company Twitter acquisition was initiated by Elon Musk on April 14, 2022, and concluded on October 27, 2022. Musk, who started buying Twitter shares in January 2022, became the company’s largest shareholder by April. Musk accepted the offer to join the Twitter board before declining. In April, he made an unsolicited offer to purchase the company. After initially rejecting the offer, Twitter’s board of directors accepted his $44 billion offer for the firm on the 25th of April.

However, in July, he wanted to terminate the deal due to alleging that Twitter had fake or spam accounts which it was not dealing with. Twitter filed a lawsuit against Musk in the Delaware Court of Chancery. Weeks before the trial was set to begin, Musk reversed his stance and said he would move forward with the acquisition. The deal was closed on October 27, with Musk becoming Twitter’s new owner and CEO. Post-acquisition Musk terminated the services of several top executives and laid off half of the company’s workforce.  

Kroger acquired Albertsons Companies

Announced Month: October 2022

Value: $24.6 billion

Industry: Retail

Kroger acquired Albertsons for a deal valued at $24.6 billion. Together the companies will combine to create a firm with nearly 5000 stores across the country.

“We are bringing together two purpose-driven organizations to deliver superior value to customers, associates, communities, and shareholders,” said Rodney McMullen, chairman, and chief executive of Kroger. 

Prologis acquired Duke Realty

Announced Month: June 2022

Value: $23 billion

Industry: Real Estate

Prologis has acquired Duke Realty Corporation for approximately $23 billion, including the assumption of debt. The shareholders have approved the transaction of both companies.

With the transaction, Prologis is gaining high-quality properties for its portfolio in key geographies, including Southern California, New Jersey, South Florida, Chicago, Dallas, and Atlanta.

Orange merges with Grupo MásMóvil

Announced Month: July 2022

Value: $21.3 billion

Industry: Telecommunications

Orange and MasMovil have combined operations in Spain in a deal valuing the merged entity at close to $19 billion.  It will be a 50-50 joint venture co-controlled by both. will enable the new entity to accelerate investments in optical fiber (FTTH) and 5G, for the benefit of Spanish customers. The potential synergies from the deal have been estimated at €450 million per annum after a four-year post-integration period.

Adobe acquired Figma  

Announced Month: September 2022

Value: $ 20 billion

Industry: Technology

Adobe acquired Figma, the online collaborative design software company, for approximately $20 billion. This was Adobe’s largest acquisition to date. Together, Adobe and Figma will reimagine the future of creativity and productivity, accelerate creativity on the web, advance product design, and inspire global communities of creators, designers, and developers.

Chairman and CEO of Adobe Shantanu Narayen, said, “The combination of Adobe and Figma is transformational and will accelerate our vision for collaborative creativity.” 

Deutsche Telekom to sell 51% of towers business to Brookfield & DigitalBridge

Announced Month: July 2022

Value: $ 17.5 billion

Industry: Telecommunications

DigitalBridge, and Brookfield Infrastructure, along with its institutional partners, have acquired a 51% stake in GD Towers, which comprises Deutsche Telekom’s more than 40,000 tower sites in Germany and Austria, for €17.5 billion ($17.5 billion).

Marc Ganzi, CEO of DigitalBridge said, “The combination of Deutsche Telekom’s leading mobile network and market position, alongside one of the largest real asset managers in the world in Brookfield, combined with the digital infrastructure domain expertise of DigitalBridge, creates a team of unmatched capabilities to support GD Towers as it grows to meet the evolving network demands of enterprises and consumers across Europe.”

Johnson & Johnson acquired Abiomed  

Announced Month: November 2022

Value: $ 16.6 billion

Industry: Healthcare

Johnson & Johnson has acquired Abiomed, a leader in breakthrough heart, lung, and kidney support technologies, for $16.6 billion. The boards approved the transaction of directors of both companies.

Following the completion of the transaction, Abiomed will be a standalone business within Johnson & Johnson MedTech.

Joaquin Duato, Chief Executive Officer of Johnson & Johnson, said, “The addition of Abiomed is an important step in the execution of our strategic priorities and our vision for the new Johnson & Johnson focused on Pharmaceutical and MedTech.”  

Affiliates of Vista Equity Partners and Evergreen Coast Capital acquired Citrix 

Announced Month: January 2022

Value: $ 16.5 billion

Industry: Technology

Vista Equity Partners and Evergreen Coast Capital Corp. have acquired Citrix Systems and combined it with TIBCO Software for $16.5 billion.

David Kerko, Head of North American Private Equity, and Isaac Kim, Senior Managing Director at Evergreen, said: “The combined company is well positioned for long-term success, leveraging the individual strengths of both Citrix and TIBCO, each established industry leader. We are pleased to partner with all our valued employees and partners to realize the immense potential of the combined company in the future.”

Suggested Read: Largest Mergers and Acquisitions ( M&A) Deals Data