Deal activity in the media and telecommunications industries for the past 12 months through mid-November was roughly on par with the activity for all of 2019 despite the novel coronavirus pandemic, PricewaterhouseCoopers said in a Thursday report.
The pandemic came on top of digital disruption, leading industry leaders to re-think and re-focus their core strategies and to double down on digital efforts, while selling non-core assets, it argued.
And PwC predicts a so-called K-shaped recovery, which occurs when different parts of the economy after a recession or crisis recoverat different rates, times, and/or magnitudes rather than following an even, uniformrecovery path.
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