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M&A deal value sinks in Q1

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New York—Aggregate M&A transaction value in the media and marketing industry fell 30% during the first quarter, to $8.2 billion from $11.7 billion in the year-earlier period, according to the “Q1 2013 Mergers and Acquisitions Trend Report” from investment bank Berkery Noyes. The decrease in value compared with the fourth quarter of last year, when aggregate deal value reached $25.6 billion, was even steeper, at 68%. Berkery Noyes attributed the most recent quarterly decrease to a race to close deals in the second half of 2012, when eight of the 10 largest acquisitions of the year occurred. The number of deals in the first quarter decreased 13% to 390 from 449 in the year-earlier period. Deal volume was up a little less than 2% in the first quarter compared with the fourth quarter of last year, when there were 384 transactions.
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