In the first quarter of 2025, Asian tech M&A volumes were healthy at 178 deals, approximately on par with the pace of dealmaking activity seen in recent years. Demand was particularly strong from strategic acquirers, which represented the buyer in 90% of these transactions. Private Equity firms represented the acquirer in 17 of these deals.

Total disclosed M&A deal values reached $4.3 billion in the first quarter of 2025. Financial terms were disclosed in only 31% of these transactions as buyers preferred to keep their M&A strategies private. 

There were 2 strategic buyers that made 5 acquisitions each in Q1 2025, including Accenture and the metaverse gaming tech startup OneVerse.