Industry News

Global Web 2.0 deals up 14%

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Investors still have an eye for Web 2.0 developments, but interest is growing more for overseas companies than those in the United States. Investors put $464 million into 101 deals worldwide in the first half of 2007, a 7 percent increase over investments made in the first half of 2006, according to data released by Dow Jones VentureOne and Ernst & Young LLP. Overall, the number of global Web 2.0 deals climbed 14 percent in the first half of the year. The increase was attributed to a rising interest in Web 2.0 in Europe and Israel, as U.S. investments were virtually unchanged from the first half of 2006 with 67 deals and $357 million invested. "Certainly, the blockbuster growth of Web 2.0 technologies has impacted every sector in the U.S. from media to retail to hospitality and consumer products," said Jessica Canning, director of Global Research for Dow Jones VentureOne. "But we may be seeing a plateau in the number of Web 2.0 companies investors are willing to ...