Internet DealBook

Annual Global M&A and Investment Activity Review

1 January 31 December 2012
Internet DealBook is published by Online Agility, a Right Click Capital company

Global Overview
1 January - 31 December 2012

Over $80bn of investments and acquisitions 4150 deals tracked from public sources All amounts are USD 2011 gures have been updated since the 2012 Annual

Internet DealBook

Global Geographic Overview

Deal value by region ($bn)
Billions $80 $70 $60 $50 $40 $30 $20 $10 $0
ADV 2011 - $110m 2012 - $67m Rest of World $0.11 $0.27 ADV 2011 - $6m 2012 - $39m South America $0.02 $0.63 ADV 2011 - $38m 2012 - $23m Middle East $1.10 $1.16 ADV 2011 - $48m 2012 - $46m ADV 2011 - $115m 2012 - $33m ADV 2011 - $43m 2012 - $27m

$5.81

$9.12

Europe $24.24 $11.83

North America $51.90 $57.50

ADV = Average deal value 2011 2012

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Global Geographic Overview

Deal number by region

North America 2997 Europe 597 Asia/Pacic 424 Middle East 78 South America 38 Rest of World 16

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Top 10 Countries
Countries by deal value ($bn)

Billions

$60 $50 $40 $30 $20 $10 $0

Hong Kong $0.89 Israel $1.05 Netherlands $1.06 New Zeland $1.21 Germany $1.47 Canada $1.88 China $2.75 Japan $2.84 UK $7.50 ADV $149m ADV $41m ADV $96m ADV $121m ADV $45m ADV $39m ADV $69m ADV $333m ADV $129m

ADV $51m

US $55.59

ADV = Average deal value

Internet DealBook

Top 10 Countries
Countries by deal number

US 2,902 UK 214 India 117 Canada 93 Germany 88

Australia 85 China 81 France 61 Israel 56 Spain 37

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Global Overview - Investments

Investment value by region ($bn)

Billions

$25

ADV 2011 $16m 2012 $10m

$20

$15

$10
ADV 2011 - $13m 2012 - $ 9m ADV 2011 - $43m 2012 - $19m

$5

ADV 2011 - $0m 2012 - $14m

Rest of World $0.00 $0.03

ADV 2011 - $19m 2012 - $14m

South America $0.02 $0.19

ADV 2011 - $7m 2012 - $9m

Middle East $0.18 $0.38

$0
Europe $2.11 $3.02 Asia/Paci c $4.13 $3.14 North America $17.05 $20.31

ADV = Average deal value 2011 2012

Internet DealBook

Global Overview - Investments

Number of investments by region

North America 2,289 Europe 444 Asia/Pacic 265 Middle East 57 South America 25 Rest of World 10

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Global Overview - Acquisitions

Acquisition value by region ($bn)
Billions $40 $35 $30 $25 $20 $15 $10 $5 $0
ADV 2011 $110m 2012 $120m Rest of World $0.11 $0.24 ADV 2011 $2m 2012 $148m South America $0.01 $0.44 ADV 2011 $228m 2012 $97m Middle East $0.91 $0.77 ADV 2011 $70m 2012 $200m ADV 2011 $527m 2012 $294m ADV 2011 $254m 2012 $282m

Asia/Paci c $1.67 $5.99

Europe $22.12 $8.80

North America $34.85 $37.19

ADV = Average deal value 2011 2012

Internet DealBook

Global Overview - Acquisitions

Number of acquisitions by region

North America 708 Asia/Pacic 159 Europe 153 Middle East 21 South America 13 Rest of World 6

Internet DealBook

Sector Overview
Sectors by deal value ($bn)
Billions

$50 $45 $40 $35 $30 $25 $20 $15 $10 $5 $ADV 2011 $33m 2012 $13m ADV 2011 $53m 2012 $32m ADV 2011 $16m 2012 $10m ADV 2011 $38m 2012 $22m ADV 2011 $40m 2012 $27m ADV 2011 $41m 2012 $29m

ADV 2011 $69m 2012 $22m

ADV 2011 $181m 2012 $117m

Transactions $3.17 $2.24

Games $3.46 $3.33

Mobile & Apps $2.91 $3.64

Marketing $8.40 $4.74

Ecommerce $6.30 $6.26

Media $7.20 $7.38

Software & Services $43.56 $26.29

Hardware & Infrastructure $8.14 $26.64

ADV = Average deal value 2011 2012

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Sector Overview
Sectors by deal number

Software & Services 1709 Mobile Apps 517 Media 424 Marketing 406 Hardware & Infrastructure 337 Ecommerce 330 Transactions 247 Games 180

Internet DealBook

Sector Overview - Investments

Sectors by deal value ($bn)
Billions $12 $10
ADV 2011 $12m 2012 $10m

$8

$6

ADV 2011 $30m 2012 $10m ADV 2011 $32m 2012 $12m ADV 2011 $8m 2012 $7m

$4
ADV 2011 $21m 2012 $7m ADV 2011 $10m 2012 $7m

ADV 2011 $30m 2012 $19m

ADV 2011 $31m 2012 $17m

$2

$0

Games $1.10 $0.63

Marketing $1.90 $1.41

Transactions $2.59 $2.09

Media $4.52 $2.37

Mobile & Apps $1.44 $2.51

Hardware & Infrastructure $0.87 $3.21

Ecommerce $4.46 $3.70

Software & Services $6.63 $11.15

ADV = Average deal value 2011 2012

Internet DealBook

Sector Overview - Investments

Sectors by deal number

Software & Services 1330 Mobile & Apps 429 Media 305 Ecommerce 269 Marketing 239 Hardware & Infrastructure 189 Transactions 202 Games 127

Internet DealBook

Sector Overview - Acquisitions

Sectors by deal value ($bn)
Billions
$40 $35 $30 $25 $20 $15 $10 $5 $0
ADV 2011 $44m 2012 $24m Transactions
$0.57 $0.15

ADV 2011 $429m 2012 $252m

ADV 2011 $454m 2012 $418m

ADV 2011 $105m 2012 $102m Mobile & Apps

$1.47 $1.13

ADV 2011 $168m 2012 $233m Ecommerce

$1.84 $2.56

ADV 2011 $182m 2012 $180m

ADV 2011 $211m 2012 $145m

ADV 2011 $100m 2012 $218m

Games
$2.37 $2.70

Marketing
$6.54 $3.33

Media
$2.69 $5.00

Software & Services Hardware & Infrastructure

$36.93 $15.14 $7.27 $23.43

ADV = Average deal value 2011 2012

Internet DealBook

Sector Overview - Acquisitions

Sectors by deal number

Software & Services 379 Marketing 167 Hardware & Infrastructure 148 Media 119 Mobile & Apps 88 Ecommerce 61 Games 53 Transactions 45

Internet DealBook

IDB Population Index

Total deal value/population
300 250

200

150

100

50

0
Australia 23 Switzerland 46 Canada 55 Netherlands 63 Iceland 64 UK 119 Hong Kong 125 Israel 139 US 177 New Zealand 280

* Barbados was omitted due to outlying data Country population statistics from Internet World Stats

Internet DealBook

IDB Internet User Index

Total deal value/Internet user population
350 300 250 200 150 100 50 0

Japan 28

Switzerland 56

Iceland 66

Canada 66

Netherlands 68

UK 142

Hong Kong 168

Israel 198

US 227

New Zealand 318

* Barbados was omitted due to outlying data Country Internet population statistics from Internet World Stats

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Disclaimer The information contained herein is of a general nature and comes from independent sources. It is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. Accordingly Internet DealBook and all its related entities hereby excludes any liability to any person in consequence of his purported reliance upon information contained herein or omitted here from (whether express or implied) or otherwise furnished in connection herewith. Any requests for information in connection with this document should be addressed directly to Internet DealBook and to no other party. Informational Sources All information contained in this presentation was sourced using Internet DealBooks database of 4150 deals for 2012. All additional information used to create the IDB indices, was sourced from InternetWorldStats.com on 2 February 2013. Internet DealBook collects and compiles all their data from publicly available sources. Average deal values are calculated using only deals where the value has been disclosed. Visit Internet Dealbook for more information on the methodology used for tracking and collating deals.

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Internet DealBook is published by Online Agility, a Right Click Capital company