For the entire year, 460 companies were bought for $46.4 billion, down 13% from the activity seen in 2010. But the deals were valued much higher as the total amount spent for the purchases was 30% higher than the $35.6 billion spent in 2010.
The median price paid for a company catapulted 77% to $71 million last year, with the median amount raised down 12% to $17 million before reaching an M&A or buyout exit. The drop in funds reflect the lower start-up costs needed to start a company these days.
"Acquisitions of companies liquidating their assets were halved in 2011 and companies are benefiting from lower start-up costs by taking capital farther toward a larger acquisition,” said Jessica Canning, global research director for Dow Jones VentureSource, in a release.
The largest acquisitions in 2011 include Plexxikon bought by Daiichi Sankyo for $805 million, Medtronic's $800 million purchase of Ardian, Shire's $750 million acquisition of Advanced BioHealing and Electronic Arts purchase of PopCap Games for $732 million.
As for the largest transactions in the consumer technology space, PopCap was the largest, followed by Quidsi's sale to Amazon for $545 million, Tiny Prints $406 million sale to Shutterfly, Wal-Mart Stores $300 million purchase of Kosmix, and KAR Auction Services' acquisition of Openlane for $250 million.
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