According to investment bankers Petsky Prunier, 2007 was a good year buyers and seller of business sector they call Digital Content & Commerce.
Top 10 deals in 2007: (buyer, seller, value in millions)
* Providence Equity Partners, NexTag Inc., $830
* Fenway Partners Inc., 1-800 Contacts Inc., $358
* The Walt Disney Co., Club Penguin Inc., $350
* R.H. Donnelley Corp., Business.com Inc., $350
* eBay Inc., StubHub, $310
* Spectrum Equity Investors, The Generations Network, $300
* Fox Interactive Media Inc., Photobucket Inc., $250
* Microsoft Corp., Facebook.com, $240
* Idearc Inc., InfoSpace Online Business Directory, $225
* Comcast Corp., Fandango Inc., $200
According to Petsky Prunier there was a total of 215 deals closed in 2007 valuing $7.5 billion. Compared to 2006, the number of deals more than doubled (2006:101). While the transaction value more than tripled from $2.4 billion in 2006.
“There was a flood of venture capital investments in this segment in 2007, as Internet content was seen as the next great frontier for media companies. While strategic acquisitions comprised only 40% of the total number of transactions, they accounted for 59% of transaction value,†Petsky Prunier reported.
As this industry continues grow, it mirrors the need for all businesses to find their home on the web…
To read the full article: InternetRetailer.com – Daily News for Friday, January 18, 2008
