Media mergers and acquisitions in the first quarter of 2011 totaled US$13.8 billion in transaction value, increasing greatly from $2.4 billion in the previous quarter, according to a new report by investment bank Berkery Noyes, FOLIO reported.
The largest transaction in the quarter was West Australian Newspapers Limited’s acquisition of Seven Media Group, which accounted for $4.15 billion.
AOL Inc. and WebMediaBrands, Inc. were identified as the most “active inquirers” in this period. AOL had four transactions, including About.me, Inc., Outside.in, The Huffington Post and GoViral, while WebMediaBrands Inc. also four, including Twittercism, SemanticOverflow.com, FacebookMarketing.de and European Semantic Technology Conference, according to the report.
The total number of acquisitions in the first quarter of 2011 was 214. The total value of media M&A in 2010 was $28.6 billion, according to Berkery Noyes.
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