At the same time, the number of deals and value for the mobile media and technology sector rose 32% and 17%, respectively, in the first quarter of 2013, as compared to Q1 2012. Some of the deals that took place include Opera Software buying video optimization and mobile browsing platform Skyfire Labs for $155 million, Yahoo acquiring Summly, a mobile news aggregation app, for $30 million and Phunware purchasing mobile ad network Tapit Media Group for $23 million.
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M&A activity for Q1 of this year was driven by “smaller transactions, as many companies looked to acquire talent (or “acqui‐hire”) and technologies to grow and evolve their businesses,” according to the report. JEGI’s Media Growth Survey shows nearly 50% more companies in the $10 to $50 million revenue range are planning an acquisition in 2013, as compared to 2012. Many of the companies are looking for new process technologies, content engines and tools for manipulating and packaging data.
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