Report: Mobile M&A Active in '09, Social, Not So Much
When it came to merger and acquisition deals in 2009, mobile was hot and social networking was not.
Per a year-end report issued by the New York-based investment bank Peachtree Media Advisors, there were 85 transactions in the mobile arena in 2009, more than double the number of such deals that occurred in 2008 (41). Conversely, social media saw the biggest drop off in M&A activity last year, as 47 deals occurred versus over 100 in 2008.
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