citi-predicts-wave-of-asian-internet-ma-deals

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 û 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 out $2.6 billion to buy Skype.

In a recent research report, Citigroup analysts wrote that they expect the pace of internet MA to increase, alongside organic growth of companies. The bank foresees MA...
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