News this week: Media-focused investment bank, The Jordan, Edmiston Group, Inc. (JEGI) reported M&A activity in the U.S. media market for the first quarter of 2012. The total number deals in the quarter was 333, which is a new record and an increase of 51% year-on-year. However, the total value of deals dropped 7% from last year’s US$11.1 billion to US$10.3 billion in the first quarter of 2012.
In the quarter, 14 deals involving exhibitions & conferences accounted for US$258 million, compared with six deals valued at US$34 million in the same period of 2011.
In the B2B media sector, the number of deals and deal value both increased. A total of nine B2B media deals occurred in the quarter, up 125% from last year’s four deals. Value of the deals jumped to US$63 million in Q4 2012, four times that of 2011’s US$15 million.
The number of deals involving B2B online media & technology dropped 26%, from 23 down to 17 in the quarter; while the deal value contracted 94% to just US$182 million, down from US$2.8 billion in 2011. The decrease in value of deals in the sector was due to the spike created by eBay’s US$2.4 billion acquisition of GSI Commerce last year.
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