Venture-backed companies made less cash for their backers last quarter compared with a year ago, capping a year in which the industry came under fire for not delivering hoped-for returns.
Acquisitions of venture-backed companies totaled $3.52 billion in the fourth quarter, down 29 percent from $4.99 billion a year earlier, according to data from Thomson Reuters and the National Venture Capital Association.
For the full year, acquisitions totaled $21.5 billion, down 11 percent from $24.09 billion in 2011. The numbers reflect only companies that disclosed deal values.
To read the full, original article click on this link: IPOs, acquisitions of venture-backed companies fizzled in 2012 | Reuters
