Media M&A Plunges Amid Expensive Borrowing Costs
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KPMG's "Will This Year Be Different" report found mergers and acquisitions in the media industry last year fell in value and volume as businesses faced greater economic uncertainty and rising costs to borrow.
The value of deals last year plunged 83% to $37.1 billion, and there weren’t any acquisitions of $10 billion or more – what used to be known as “mega deals.” Volume fell by 22.8% to 1,351 deals.
The value of deals last year plunged 83% to $37.1 billion, and there weren’t any acquisitions of $10 billion or more – what used to be known as “mega deals.” Volume fell by 22.8% to 1,351 deals.
