First-quarter media M&A failed to surpass or even catch up with volume and value totals in the same period last year, says a report from media bankers The Jordan, Edmiston Group, Inc.
Across the media, information, marketing, health care and technology sectors, nearly 50% more companies in the $10-$50 million revenue range are planning an acquisition this year, according to new estimates from Jordan, Edmiston Group.
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Sixteen exhibition and conference deals valued at $164 million were completed in the First Quarter of 2013, compared with 15 deals valued at $263 million during the same period last year.
The first quarter of 2013 was marked by some notable acquisitions—Google acquired Channel Intelligence; Twitter snapped up Bluefin Labs and Facebook agreed to buy Microsoft’s Atlas DMT. M&A activities for marketing and other sectors have generally cooled down, however.