It’s that time A look back at this year’s biggest tech M&A deals. Typically, by this point, the usual acquisition suspects like Microsoft, Salesforce, Adobe, SAP Oracle, and Cisco have undergone at least some major changes. But this year, only Cisco made a big splash, ultimately announcing 11 deals in total.

SAP has made some small deals, but Microsoft, Salesforce, Adobe, and Oracle have been mostly quiet this year. The $61 billion Broadcom-VMware deal, announced in May 2022, was finally completed last month, and Adobe and Figma agreed this month to terminate the $20 billion deal, which ends in September 2022. It has been a regulatory impasse since it was announced in September.

It is not our imagination that transactions from major companies are decreasing. CB Insight reported There were zero deals from big tech companies in the third quarter of this year. Compare that to 2019, when there were 10 such deals in the third quarter, and 2020, when there were eight.

Image credits: CB Insight

Perhaps high borrowing costs put a damper on deals in 2023. The days when his 2020 major deals totaled $165 billion are long gone. This year’s total was just $67.7 billion, the lowest total since a record low of $40 billion in 2019, the second year the list of these top deals was compiled.

It’s worth noting that a significant number of this year’s deals involve private equity firms acquiring companies or selling them at significant profits.

Perhaps smaller deals involving AI were more important, like Atlassian’s $975 million acquisition of Loom. Salesforce acquired Airkit.ai for an undisclosed sum, one of just two small acquisitions this year. Or Snowflake’s acquisition of AI search company Neeva, again for an undisclosed amount.

Regardless, here are this year’s top 10 corporate deals, from cheapest to most expensive.