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ft.com

Animal spirits have returned to M&A

Chief executives of the world’s big companies have decided to get back in the deal making game

venerdì 31 ottobre 2025 New tab

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Megadeals hit record as Wall Street’s animal spirits roar back

Global transactions of $10bn or more hit 63 as Trump deregulation and fading trade war risks spur M&A blitz

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Stock trading surge helps Wall Street navigate dealmaking trough

Volatility is keeping market-making desks active at a time when mergers and issuance have slowed

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M&A deals top $1tn in third quarter

Global dealmaking is up by a third this year, setting 2025 up to be the best 12-month stretch since 2021

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‘Megadeals’ defy market fears and volatile geopolitics

Boards should heed the lessons of the last record surge in big M&A in 2015

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European start-up valuations boom on investor frenzy

Interest in AI and defence tech start-ups has boosted investor activity after a prolonged slowdown

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Global dealmaking hits $4.5tn in second-best year on record

Highest-ever number of megadeals lifts total value of M&A by 50% in 2025

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