‘Megadeals’ defy market fears and volatile geopolitics
Boards should heed the lessons of the last record surge in big M&A in 2015
Boards should heed the lessons of the last record surge in big M&A in 2015

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

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

Twenty-two transactions each valued above $10bn announced in past three months

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

Dealmaking has been driven by Trump administration’s crypto-friendly policymaking

US giants are better positioned than their European counterparts for M&A activity