110DigitalCommerceM&AOverview1H20232022:Backto(new)normal?Waking-upfromapandemic-inducedhighAsseenintheM&Aactivityduringthepandemicyearsof2020and2021,theDigitalCommercesectorwasflyinghigh.Fromonedaytotheother,COVIDcausedamassiveaccelerationofdigitalisationintheindustryandsociety.However,in2022,wesawadeclineinnumberoftransactions.Politicalandeconomicuncertaintieshaveaffectedinvestormoods–theprivateandVCsectorshaveseenamassivedeclineindealsoverthepastyear,ashavepubliclylistedcompanies.TheGlobalOnlineRetail(GLORE50)indexbelowclearlyillustratesthisdevelopment.Sincethepandemichighin2021,theglobalindexsharepricehasdroppedbywhopping-51%.Thedealactivityinthepriv...