M&A roundup: Berkery Noyes

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New York—Merger and acquisition activity in the communications sector increased markedly both in terms of deal value and deal volume in the first half of this year compared with the same period last year, according to a report released Friday by investment bank Berkery Noyes.

The number of transactions increased to 309, up 27% from the first half of last year. Internet media was the largest segment by transaction volume with 104 deals in the first half of the year.

The aggregate transaction value doubled from the first half of last year to $12 billion. However, that was down 63% from $32 billion in last year's second half. Berkery Noyes said the plunge in aggregate transaction value was due to two large deals that occurred in the second half of last year: Comcast's pending $13.75 billion acquisition of NBC Universal, and TPG Capital's and CPP Investment Board's $4.01 billion acquisition of IMS Health.

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