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Media M&A value soars in Q1, per LSEG data

Mar 28, 2024
Illustration of a stock trend line on a movie theater screen

Illustration: Annelise Capossela/Axios

Global deal activity in the media/entertainment and telecommunications space soared during the first quarter of 2024, according to data from the London Stock Exchange Group.

Why it matters: There had been growing optimism that M&A activity would improve this year, and now there are numbers to back that up.

Zoom in: Deal value for the media and entertainment sector was $71.9 billion year to date, compared to $10.7 billion in last year's comparable timeframe. LSEG's data runs from Jan. 1 to March 26.

  • That's a jump of 573.2%, despite 176 fewer deals in 2024.
  • Media and entertainment accounted for 10% of global M&A deal value, the fourth-highest sector. Last year, it was just 2%, the third-lowest among all sectors.
  • In telecommunications, deal value surged by 314% from $6 billion to $24.9 billion, the data shows.

Zoom out: Across all sectors, the value of global M&A deals is up 30% to $690.2 billion, while deal activity is down 31%.

  • This year was the fewest amount of deals for a first quarter since 2015.
  • U.S. M&A deal value was up 56.9% to $413 billion, per LSEG.
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