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Tech M&A Moribund Except for Mobile Companies July 1, 2009

Posted by hruf in Internet & Communities, Mobile & Gadgets.
Tags: , , ,

Did you want to buy or sell a media or tech company in the last six months? Chances are you didn’t: New data from banker The Jordan, Edmiston Group say the M&A market for the first half of 2009 was nearly nonexistent, at least compared to the post-MySpace Web 2.0 heyday. But you knew that (click chart to enlarge):


The one exception to the drought: Companies that have something, anything, to do with mobile. The Jordan, Edmiston Group says deal volume increased 45 percent over the last year, and the value of those deals leapt by 38 percent.

Granted, we’re talking about fairly small numbers to begin with–the bank counted 16 mobile deals in the first half of this year, compared to 11 a year ago–but it still seems telling, and right. We’ve been hearing about the inevitable rise of mobile as an advertising, content and commerce platform for years, but in the last year or so, this now seems plausible, due in large part to the adoption of smartphones from the likes of Research in Motion (RIMM), Apple (APPL), and, perhaps, even Palm (PALM).

via Tech M&A Moribund Except for Mobile Companies | Peter Kafka | MediaMemo | AllThingsD.



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