Digital Media M&A Has Remained Sluggish This Year

Digital Media M&A Has Remained Sluggish This Year


After a wave of optimism to start the year, digital media M&A lost steam in the first half of 2025, as volatile markets and elevated interest rates held back what many anticipated would be a dealcreating rebound. 

According to JEGI Clarity, overall deal count in the media space fell 15% in the U.S. and 33% in Europe compared to the same period in 2024, even though 2024 was also below historical norms.

“Every month this year has been lighter than last year,” declared Robert Berstein, managing director at JEGI Clarity. “And we already believed last year was light.”

The culprit, according to multiple experts, was macroeconomic instability, particularly in debt markets.

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