Media deals are back in business
Good news for you people who hope to sell your media business in the next fiscal half: Media deal making is apparantly showing signs of life in the third quarter. This is according to media investment bank and M&A tracker Jordan, Edmiston Group Inc. More than a hundred deals, amounting to $11.1 billion, were announced in the last quarter. Some of the hightlights included Google’s $109 million purchase of On2 Technologies and Adobe’s Adobe’s $1.8 billion acquisition of Omniture.
But in light of this supposed good news, one has to think about the start-ups. What has happened to newly formed media companies in the wake of the global financial crisis. In times like these larger firms find it easier to snatch up little fledglings who are burdened with unrelenting lending institutions and the need to survive.
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