By Siobhan O’Leary
There were only 38 mergers and acquisitions in the German publishing and media industries in 2009, as compared with 66 in 2008, according to the consulting firm Bartholomäus & Cie and as reported in Buchreport. The acquisition of bol.com from the Holtzbrinck Group by Dutch equity investor Cyrte Investments was, according to B&C, the largest deal in the book trade in 2009. Overall, German M&A activity was down for the first time since 2004, with a total of 213 mergers and acquisitions across all industries in Germany. The trend is expected to continue in 2010.