According to the survey, the nine month total in 1999 has already exceeded M&A for the whole of 1998 ($544 billion), itself a record year. The total number of cross-border deals so far in 1999 (3,852) is slightly lower than in the same period of 1998 (3,977), causing the average deal value to rise by over 50% from $96 million (1998) to $158 million (1999).The UK dominated with British firms acting as acquirors in 33% of global transactions by value. UK firms acted as the purchaser in deals worth $202 billion, underscoring the UK's position as the world's most acquisitive nation for the second year running. By comparison, the next most acquisitive countries were the US (purchaser in $113 billion worth of deals), France ($74 billion), and Germany ($40 billion).Stephen Barrett, head of mergers & acquisitions at KPMG Corporate Finance, commented: 'The global M&A markets have continued their buoyancy and are ending the millennium with a bang. In terms of deal numbers the UK and US retain their pre-eminent role, but in value terms, the UK has a commanding lead, above all continuing its spending spree in the US. The UK's European partners - particularly France, Germany and Sweden - are becoming increasingly aggressive acquirors, supported by a recovering European economy and stimulated by the need to restructure to compete in a single market with a single currency.'
IBM and Technical University of Munich team demonstrate how Shor's algorithm, which can't be cracked by conventional computers, can be solved quickly with quantum computing
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PUBG news and updates: November's Update #23 to bring new Skorpion pistol and changes to blue zone visibility
Genuinely useful side-arm coming to PUBG in Update #23