Geeknet terminates a purchase agreement with Hot Topic and accepts a $20 per share bid by GameStop.
Google Inc. leads the pack with 11 buys in the first half.
The pace of merger and acquisition activity in the Internet and mobile industries accelerated in the first six months of 2011compared with the same period a year ago, according to a report from investment banking firm Berkery Noyes.
The Internet and mobile sectors accounted for 788 deals in the first half of 2011, up 28% from 614 in the first half of 2010. And the value of deals grew at an even faster rate. The total transaction value increased 155% from $17.0 billion to $43.3 billion.
Google Inc. was the most active acquirer. Google made 11 purchases in the Internet and mobile categories in the first half of the year, including movie recommendation firm Fflick, voice messaging company SayNow and electronic media company eBook Technologies Inc.
Microsoft Corp.’s announced acquisition of online telephone service Skype Technologies SA from an investor group led by Silver Lake Partners for $9.08 billion was the largest transaction in the sector during the first half of 2011, according to Berkery Noyes.