Home Business More mega media deals could be on the way. One analyst names four companies to watch

More mega media deals could be on the way. One analyst names four companies to watch

0
More mega media deals could be on the way. One analyst names four companies to watch

[ad_1]

There’s a “huge battle” going down in the media business, in accordance to one analyst, who stated it regarded set to be certainly one of the greatest sectors for mergers and acquisitions this yr.

Cyrus Mewawalla, head of thematic analysis at analytics agency GlobalData, stated there have been rising tensions as Big Tech invaded the conventional media house. Speaking to CNBC final week —after Amazon announced that it could purchase MGM Studios for $8.45 billion — he stated that extra consolidation in the media business was “inevitable.”

Amazon could even be trying to purchase extra companies in the sector to enhance its credibility and assist it compete with its greatest streaming rival Netflix, he added.

“I feel media will be certainly one of the greatest sectors for M&A consolidation in the remainder of this yr, and you have got a complete bunch of companies which will be up for acquisition,” Mewawalla stated, naming four companies to watch:

[ad_2]

Source link