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M&A activity in the media sector has reached historic highs in the first half of 2018 driven by deals like the billion-dollar bidding war for Rupert Murdoch’s Twenty-First Century Fox.
According to data from Thomson Reuters Deals Intelligence, the value of global media deals has risen to $2.5 trillion year-to-date, up 64% compared to the same period in 2017. Before this the highest it reached was $2.3 trillion in 2007.
Commenting on the data, Heran Cristerna, co-head of global M&A at JPMorgan Chase & Co said to Reuters: “Companies are moving fast rather than dragging their feet”.
As for proposed media M&A, the sector currently sits at around $322.5 billion for the year, more than six times...