Report: '08 Heavy on Online M&A, Venture Capital Activity

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Despite the ongoing economic meltdown, 2008 was a year of heavy merger, acquisition and venture capital activity in the online space. However, the number of dollars changing hands in such deals plummeted versus last year, according to a new report issued by Peachtree Media Advisors.

Peachtree recorded 707 mergers, acquisitions and incidences of capital being raised in the digital space last year, 92 more than in 2007. But in total these deals were valued at $16.9

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