M&A in the first quarter of 2010 was a bit deceiving. Anecdotally, we have seen a gradual improvement in the tone of the market over the past several quarters, and Q1 was a continuation of that trend. However, when measured empirically, overall M&A transaction volume within the internet, mobile and digital media sectors declined, particularly in what we consider the “sweet spot” of activity, transactions between $25 million and $1 billion in size, which we summarize below.
A few items to …
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