The pace of mergers and acquisitions of venture-backed companies is running behind last year despite an IPO market that promises to rival 2007.
Robert Galbraith/Reuters The logo of Twitter Inc., one of a dozen venture-backed companies filing IPO paperwork publicly during the third quarter. There were 310 M&A deals through the first nine months of 2013, a 12% drop from the same period last year, when there were 353 transactions, according to Dow Jones VentureSource.
The value of this year’s activity fell 31%, to $24.69 billion from $35.74 billion a year ago.
