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Jordan, Edmiston reports $52 billion in M&A activity in first 9 months

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New York—Merger and acquisition activity in the media and information industry totaled $52 billion in the first nine months of 2005, up 130% over the same period last year, according to Jordan, Edmiston Group. The activity is being driven by several factors, including the continuing convergence of off- and online media, the strong drive for growth by strategic companies and low interest rates that are keeping debt markets aggressive, the investment bank found.
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