FOCUS and Intangible Insights (2i) are pleased to present to you our Internet & Digital Information (“IDI”) Quarterly Insights Report, a newsletter providing strategic insight into key market dynamics, capital markets developments, and mergers and acquisitions trends impacting participants in the IDI industry. Topics covered in this issue include:

• Some Perspective on the Current Economic Debate
• A Look at Three Key IDI Drivers
• A Look Back on Some Interesting Second Quarter Events
• Public Company Internet and Digital Information Market Valuations
• IDI M&A Activity and Trends

Please click here for the report.

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Filed Under Internet & Digital Media Report, Internet Trends & Drivers, Internet Valuation, Internet and Digital Information Report, Merger & Acquisitions, Mergers and Acquisition Report, Valuation Metrics

Part 4 of 2I’s Quarterly Internet and Digital Media M&A Report is an appendix of supporting information for our research posted in the first three sections of the Report.

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Filed Under Business Valuation, Internet Trends & Drivers, Internet Valuation, Merger & Acquisitions, Q1 2009 Internet M&A Report, Q1 2009 M&A Report, Valuation Metrics

Overall M&A Activity

Clearly M&A transactions have slowed substantially during the last two quarters, with Q1-2009 being the slowest quarter for deal closings over the past 12 quarters.  First quarter 2009 M&A activity is off 39% when compared to the recent peak of Q2 2007.  However, if we stop and recognize that M&A transactions were getting completed at a historically blistering rate in 2007, we gain a bit of perspective.  In fact, with all of the doom and gloom and economic meltdown, it is astonishing to see that M&A activity in Q1-2009 was off only 16% when compared to a more moderate time of M&A in Q2&3 2006. We fully expect that Q2-2009 also will be slow, but we’re starting to see signs that the last two quarters of 2009 could possibly be more active than the first two.  With a 6-8 month cycle for typical transactions getting completed, look to the first two quarters of 2010 to be back at a pace more in line with historical averages.

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Filed Under Business Valuation, Internet Company, Internet Trends & Drivers, Merger & Acquisitions

At 2i we read a wide range of financial resources, from the standard print media to the blogosphere to subscription databases. Depending on what you read and who you follow, there seems to be some consensus that the general economy may have bottomed, and although it may be a long tunnel, there could be some light at the end of it in Q4-2009 and Q1-2010. The Dow Jones Industrial Average, a leading economic indicator, is only down 3.5% since the beginning of the year. The unemployment rate, a lagging indicator, continues to rise to 8.9% currently. While the broad economy is a fundamental driver of the internet industry, we like to maintain our focus on the Internet-Reliant industry.

We’re posting four blogs over the next few days on the Q-1 State of the Internet Industry. Once all the blogs are posted, we’ll put them all into a PDF document and include it on our Reports page.

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Filed Under Business Valuation, Internet Company, Internet Trends & Drivers, Merger & Acquisitions, Recession