Cloud Computing: M&A value in cloud and mobile industry plunges 50% in Q1
April 15, 2013
Grazed from CBR. Author: Editorial Staff.
Despite deals increasing 3% in the quarter The transaction value of mergers and acquisitions (M&A) in the online and mobile industry decreased 50% in the first quarter of 2013 to $7.9bn, according to the latest report from Berkery Noyes. According to the report, the deal volume however increased 3% during the quarter compared to the corresponding quarter a year earlier.
Berkery Noyes said that the SaaS/ASP segment experienced the largest quarterly rise in volume, improving 16%. The transaction volume in the e-commerce segment increased 6% in Q1 2013 with Google’s acquisition of Channel Intelligence for $125m being the segment’s highest value deal. M&A involving transactions with a large mobile component grew 33% over the past three months…
The report found that with four transactions, Yahoo was the most active online and mobile industry acquirer during the quarter. Yahoo! has already completed three acquisitions in 2013 which include social news application Summly, as well as applications Alike and Jybe. However, Yahoo had only two mobile transactions last year, both of which occurred in Q4…
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