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Third-quarter media and information merger and acquisition activity was up 24 percent from the same period last year, according to a new report from investment bank Jordan Edmiston Group Inc.
Eleven industry sectors showed a total of 493 transactions closed in the period, representing a total value of more than $40 billion, writes DM News. For the year, M&A activity is expected to surpass activity during 2005, when 508 transactions were completed.
The year-over-year overall deal value is flat, however, due to fewer enormous deals closing in the directory and online media sectors. Last year, for example, Ask Jeeves was sold to IAC for $1.8 billion.
Transactions of note closed this year include NBC Universal’s acquisition of iVillage, MTV Networks’ purchase of Atom Entertainment and Reader’s Digest’s purchase of AllRecipes.com.
The article includes a chart of transactions here.
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(View chart:…
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