The picture for European M&A in the media sector may be about to change. While figures are still far below the media ?bubble? of 2000/01, according to a report by PwC, total M&A deals to date highlights a sharply improving trend towards the end of 2003 and this continues through to September 2004.
A total of 50 transactions, worth a combined ?9.1bn, were completed in the European media market in the second half of 2003. This compares with 42 deals totalling ?4.9bn
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