Analyst names attainable targets like Spotify, shares to look at
There is a “huge battle” happening within the media business, in line with one analyst, who mentioned it appeared set to be one of many largest sectors for mergers and acquisitions this yr.
Cyrus Mewawalla, head of thematic analysis at analytics agency GlobalData, mentioned there have been rising tensions as Huge Tech invaded the standard media area. Chatting with CNBC final week —after Amazon introduced that it could purchase MGM Studios for $8.45 billion — he mentioned that extra consolidation within the media business was “inevitable.”
Amazon might even be seeking to purchase extra corporations within the sector to spice up its credibility and assist it compete with its largest streaming rival Netflix, he added.
“I feel media might be one of many largest sectors for M&A consolidation in the remainder of this yr, and you have a complete bunch of corporations which may be up for acquisition,” Mewawalla mentioned, naming 4 corporations to look at:
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