Hola,

Microsoft and Apple are still acquisitive in the face of global economic and public health crises.

Between them, they’ve made 5 very interesting acquisitions since the WHO declared a global health pandemic. 

We analyze them here in a look at big tech's startup investments and M&A.

In fact, there is a reason to think M&A activity will remain highish. Valuations were insane before the world got a reality check, and now more attractive prices will lure those with cash piles back into the M&A market. 

That may be why startup IPO and M&A trends are going in different directions.

What’s new 

Healthcare AI startups raised over $980M globally in Q1’20.

Read about the latest global investment trends, largest VC bets, hottest industries, and more in our new interactive report here.

Hopes? Dashed.

Covid-19 eliminated many startups’ prospects to go public in Q1’20. 

We take a look at how M&A and IPO activity have been impacted by the pandemic here. 

It's a rich man's world
 

While some big tech cos have pressed pause on investments amid Covid-19, others are making outsized bets.

Check out all of FAMGA’s investments since the beginning of the pandemic here.

Research institutions, philanthropic funds, pharma companies, startups, and more have teamed up to accelerate the development of and expand access to Covid-19 tests, vaccines, treatments, and critical medical equipment. 

We put together a business graph of these diverse life sciences partnerships, shown below.

To see all 170+ connections between over 200 organizations, take a look at our State of Healthcare Q1’20 report, which explores some of these partnerships in detail and surveys the healthcare sector in the wake of Covid-19. The report is free to download.

Clients can also dive into some of the  key partnerships that are focused on tackling new pathogens, including Covid-19, in this brief.

Finally, artificial intelligence has emerged as a critical tool in detecting and diagnosing the disease. See some of the ways organizations are using AI in healthcare applications here.

Have a great rest of the week.

P.S. We're looking for a fintech analyst. Check out the job here.