InSight

Exit and Growth Strategies for Middle Market Businesses

M&A News In The Technology, Media and Telecom Industry Sector

By Dan Vermeire | Nov 17, 2017

The report below provides a good overview of the fourth quarter M&A activity in the Technology, Media and Telecom Industry Sector. M&A activity for North American based target companies in the Technology, Media and Telecom sector for Q3 2017 included 266 closed deals, according to data published by industry data tracker FactSet.

One of the more notable deals of the quarter was announced in September when Internet Brands, Inc., a portfolio company of Kohlberg Kravis Roberts & Co LP, acquired WebMD Health Corp for US$2.5 billion in cash. Under the terms of the agreement, Internet Brands paid US$66.5 in cash for each share of WebMD Health Corp. The transaction enhances the business portfolio of both companies.

Industry Indicators

  • Total US consumer spending, a driver for the IT needs of consumers, rose 1.4%, primarily from services expenditures, in August 2017 compared to the same month in 2016.
  • US corporate profits, an indicator for corporate investment in information technology, rose 7.0% in the second quarter of 2017 compared to the same period in 2016.
  • Total US revenue for computer systems design and related services rose 3.9% in the second quarter of 2017 compared to the previous year.

Posted by Dan Vermeire.

Read the Entire Technology, Media & Telecom 4th Quarter Newsletter Here


Leave a Comment