Companies announced $2.04 trillion of mergers and acquisitions for U.S. targets in 2025, the highest volume on record, according to data compiled by Bloomberg.
- Volume rose 63% from 2024
- The biggest deal was Paramount Skydance Corp.'s $103.6 billion offer for Warner Bros Discovery Inc.
- 324 deals were announced with transaction values exceeding $1 billion vs 246 in 2024
- The technology industry accounted for 19% of all announced deals by value
- JP Morgan was the top financial adviser in 2025 with $818.9 billion of deals
Biggest Deals in 2025
Transaction values may include net debt and track announced deals that are ...