Within our sector focus, venture-backed companies comprised half of the 40 M&A transactions whose value was between $25 million – $1 billion in Q2 2010. This was up nicely from the first quarter in terms of the number of transactions and the median size increased to well above $130m. The other good news was that the returns on investment showed good results. Our analysis indicates that the median multiple of invested capital was 7.5x(a). Quite respectable.
A number of VCs had …
Read MoreBy our count, the number of announced M&A transactions within the internet, mobile and digital media sectors remained consistent with the first quarter of 2010. Activity levels are reasonable although buyers continue to be deliberate and selective. Over the course of the next couple of weeks we will be publishing a number of observations regarding recent M&A activity.
Today’s assessment looks at the moves of the most active and notable acquirers. Several important trends emerged:
1) Google continues to be extraordinarily active, …
Read MoreFor sources of the above key developments, please click the following links:
a) In-Stat b)Skype/Nokia c) Truphone d) iPhone/VoIP …
Read MoreFor sources of the above key developments, please click the following links:
1) Fierce Mobile 2) TCS/NIM 3) Navteq/Acuity Mobile 4) Nokia/Dopplr …
Read MoreThe past week or so has been an important period to test the public market’s receptiveness to companies within the converging internet, mobile and digital media sectors. ReachLocal debuted last Thursday and TeleNav the previous Thursday. Both suffered from a volatile stock market as they met with institutional investors. The good news is that both were completed, albeit at valuations discounted from their objectives.
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