According to preliminary data from Pitchbook, there were 23 deals last week for $10.3 billion of total invested capital. The largest deal was Versum Materials’ $4 billion acquisition of Entegris. Both companies operate in the semiconductor manufacturing space, providing end-to-end materials solutions.
Also last week, analysts at JP Morgan floated the possibility of an Apple and Netflix merger. The firm announced that combining the two firms would produce synergies as Netflix is a strategic fit from an engagement and content creation perspective. At a 20% premium, Apple would pay around $189 billion. However, this isn’t the first time JP Morgan has made note of the possibility, so the market’s reaction was relatively muted.
A deal is currently being brokered by the German government regarding two of the nation’s largest banks: Deutsche Bank and Commerzbank. Deutsche Bank executives believe the struggling lender is down to its last few months as it struggles to right the ship following months of troubles. Deutsche’s CEO, Christian Sewing, has been pleading the government officials to trust his plan and has ruled out a merger before 2020.