Demise of media deals "greatly exaggerated"."Despite a subprime mortgage crisis that has rocked the credit market in the U.S., the demise Death. A conveyance of property, usually of an interest in land. Originally meant a posthumous grant but has come to be applied commonly to a conveyance that is made for a definitive term, such as an estate for a term of years. of the media M & A market has been greatly exaggerated," says the latest forecast from the investment bank Berkery Noyes. Of the 30-plus M & A transactions the firm closed in 2007, most occurred in the fourth quarter--this after the "much ballyhooed implosion implosion /im·plo·sion/ (im-plo´zhun) see flooding. im·plo·sion n. 1. of the credit market," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Berkery Noyes outlook. "We have seen no decline in buyer interest, market pricing or the availability of financing for b-to-b media and trade show-conference transactions valued at or less than $500 million," the report states. Berkery Noyes points to TechTarget's acquisition of Knowledge Storm in November November: see month. as an example of a major strategic buyer seeking an acquisition with a large upside Upside The potential dollar amount by which the market or a stock could rise. Notes: This is basically an educated guess on how high a stock could go in the near future. See also: Bull, Downside for growth. "No one expects these aggressive, growth-minded strategic buyers to sit idly by while attractive properties are auctioned to other bidders." |
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