Mike Butcher UK/European Editor TechCrunch.com http://uk.techcrunch.com Mobile: +44 77 2029 1095 Email: [email_address] Skype: mikegbutcher Linkedin.com/in/mikebutcher Xing.com/profile/Mike_Butcher Twitter.com/mbites And Facebook! :-)

Show me the money

2007 saw surge of activity

Multi Billion £ Deals show that 2007 was an unusual year 2007: Webex - Cisco 1.5bn 03/07 Doubleclick - Google 1.5bn 04/07 Reuters - Thomson 9bn 05/07 Aquantive - Microsoft 3bn 05/07 Gemstar (interactive TV) - Macrovision 1.5bn 07/07 Navteq - Nokia 4bn 10/7 Teleatlas - Tom Tom 2bn 11/07 Tradus (QXL) - Naspers 1bn 12/07 ChoicePOint (insurance data & analytics) - Reed Elsevier 2bn 2/08 Getty Images - Hellman & Friedman 1.2bn 2/08 Dow Jones - News Corp 2.8bn 1/07 2006: no billion pound deals 2005: Ask jeeves - IACI 1bn 3/05 Skype - eBay 2.2bn 9/05

Market clearly peaked last year

Pricing started to fall

Sub £100m deals market stable

But market is more complex

Most UK M&A is internal

Consumer giants buy startups

Data Acquisition in 2007

Recent investment trends

What about Europe?

What About Turkey?

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Mike Butcher UK/European Editor TechCrunch.com http://uk.techcrunch.com Mobile: +44 77 2029 1095 Email: [email_address] Skype: mikegbutcher Linkedin.com/in/mikebutcher Xing.com/profile/Mike_Butcher Twitter.com/mbites And Facebook! :-)