Overall M&A Activity Rebounds; Still Quiet in B-to-B Segment
After a moribund first half, the mergers-and-acquisitions market showed signs of life in the third quarter, with 168 announced transactions valued at $11.1 billion, according to a report this week from The Jordan, Edmiston Group Inc. (JEGI), which tracks the media, information, marketing services and technology sector.
Still, M&A activity in the business-to-business media sector was virtually nonexistent through the first three quarters of the year, with no large deals being announced as the private-equity firms that were behind much of these deals in prior years have been quiet in 2009.
The consumer magazine area, however, has been fairly active with 31 announced deals thus far this year, compared to 33 during the same period of 2008. The total value of these deals, at$163 million, is just 1.1-percent less than the value of the deals done during the first three quarters last year.