B-to-b media M&A activity in the first quarter was “nonexistent,” according to Jordan, Edmiston, with the number of deals falling 69% to four and the aggregate value tumbling 78% to $15 million.
The exhibitions and conferences sector also was slow, with the number of transactions falling 14% to six and the value of the deals dropping 2% to $34 million. B-to-b online media and technology, however, surged with the value of deals increasing from $462 million in the first quarter of 2010 to $2.8 billion in the first quarter this year—even though the number of deals fell from 38 to 23, a decrease of 39%.
Petsky Prunier's report examined activity in the marketing, information and digital media/commerce sector, a broader area than inJordan, Edmiston's report. Petsky Prunier said M&A activity in the first quarter increased to $24.4 billion, a gain of almost 200% compared with the year-earlier period. In the same time frame, the number of deals increased to 626 from 201.