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2025 Sees Record $4.8 Trillion in Global M&A Activity

12/18/2025

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Summary

Story summary

In 2025, global M&A reached nearly $4.8 trillion, up 41% from 2024 despite a slower first half from a global trade war.
The year produced a record 70 deals over $10 billion, with momentum expected into 2026.
The United States remained the top M&A target, while China and Japan posted rises in deal values.
Corporate divestitures rose 30% and private equity buyouts rose 51%, signaling a strong multi-year M&A cycle.

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Story summary

In 2025, global M&A reached nearly $4.8 trillion, up 41% from 2024 despite a slower first half from a global trade war.
The year produced a record 70 deals over $10 billion, with momentum expected into 2026.
The United States remained the top M&A target, while China and Japan posted rises in deal values.
Corporate divestitures rose 30% and private equity buyouts rose 51%, signaling a strong multi-year M&A cycle.