While Allen& Co. LLC, MorganStanley and QatalystPartners LP remained the top three financial advisers on M&A inthe media and new media industries in the third quarter, 'sinvolvement in three of the largest deals in the period saw it jump to the No.4 spot.
Both Allen & Co. and J.P Morgan Securities were advisersfor the biggest deal of the quarter – Verizon Communications Inc.'s pending acquisition ofYahoo! Inc.'soperating business in a deal valued at $4.83 billion.
J.P. Morgan was also involved in the second- andthird-largest deals in the third quarter; the $4.0 billion of byan investor group that included Silver Lake Partners, KKR & Co. LP and William Morris Endeavor Entertainment; and 's $3.30billion acquisition. of .
In total, SNL Kagan counted 265 deals in the media and newmedia industries in the third quarter with an aggregate transaction or dealvalue of $15.30 billion. By comparison, there were 272 deals in the thirdquarter of 2015, with an aggregate transaction or deal value of $7.47 billion.
SNL Kagan defines transaction value as deal value plus netdebt. If that figure is unavailable, SNL Kagan uses deal value, excluding debtassumed, or the deal amount from the PitchBook. For some deals, a value is notgiven or could not be determined.
SNL Kagan is anoffering of S&P Global Market Intelligence.