Quiet second half seals 2008 M&A downturn

There was a marked drop in both the volume and value of UK media merger and acquisition deals in 2008, according to PricewaterhouseCoopers. The number of completed deals was down 43% year on year in 2008. The combined value of UK media deals fell 85% to EUR4bn, compared with EUR26.6bn in 2007.

The rate of decline in media M&A deals was lower elsewhere in Europe where, on average, the number fell 28% year on year.

Following the dizzy heights of 2007 M&A activity, last year the European media sector experienced a dearth of mega-deals, as the aggregate value of transactions fell 66%.

Although a respectable 35 UK deals totalling EUR3.8bn took place in the first six months of 2008, the market then fell quiet, with only 10 deals worth a combined EUR318m in the second half of 2008.

Have your say...

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Media Week Jobs
Search for more media jobs

Latest

IPG's UK revenue jumps 21% after Profero acquisition

IPG's UK revenue jumps 21% after Profero acquisition

Interpublic Group (IPG) the owner of Initiative, Lowe and Partners and McCann, saw its UK revenue rise 21 per cent in the first three months of this year, boosted by its acquisition of Profero.

Share
JCDecaux partners with Hachette UK for Twitter book club

JCDecaux partners with Hachette UK for Twitter book club

JCDecaux has struck the first content partnership for its commuter book club, with publisher Hachette UK.

Share
Samsung calls global advertising and media review

Samsung calls global advertising and media review

Samsung has put its global advertising and media accounts up for review.

Share

Get news by email