Citi predicts wave of Asian internet M&A deals

Citigroup analysts forecast more M&A and investment activity in the internet sector in Asia.

Thought the dot.com era was a bust Maybe not, Citigroup analysts point out that mergers and acquisition activity, including strategic investments, has become increasingly important in the internet sector.

Consider that over the past year Google spent $1 billion as a cash investment in AOL and Yahoo also forked over $1 billion รป in its investment in Alibaba. News Corp dropped $580 million for its acquisition of MySpace, IACI paid $1.9 billion to purchase Ask Jeeves, and eBay doled...

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