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The media and information industries M&A market set new record highs with 399 transactions announced totaling $76 billion in deal value in the first half of 2007 across 11 media and information sectors tracked by New York-based investment banking firm The Jordan, Edmiston Group, Inc. (JEGI), reports MarketingCharts.
This first half tally already exceeds full-year 2006 deal value of $60.6 billion by 25 percent, JEGI said.
The marketing services and online media sectors dominated the first half’s action, together accounting for 238 transactions valued at $32 billion - or more than half of all media and information deals, and over 40 percent of total deal value:
Major online media and marketing services transaction announcements in the second quarter of 2007 included Microsoft’s acquisition of aQuantive for $5.7 billion, Google’s acquisition of DoubleClick for $3.1 billion, and the acquisition of 24/7 Media for $649 million by WPP.
MarketingCharts has more M&A info on other key media and information industries sectors.
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