$1.3 trillion dealmaking frenzy isn’t slowing down
No one knows for sure what the post-coronavirus era holds. But businesses are doing their best to get ready, announcing a wave of mergers and takeover bids designed to prepare them for what’s next.
What’s happening: Global mergers and acquisitions worth $1.3 trillion were announced during the first three months of the year, according to data from Refinitiv. That’s a 94% increase compared to one year ago, and the strongest opening period since records began in 1980.
It’s the third quarter in a row that dealmaking has come in above $1 trillion.
The tech sector has been particularly hot. During the first quarter, it registered $274 billion in deals, more than triple 2020 levels.
IBM spinoff joins a long list of questionable corporate names
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$1 3 trillion dealmaking frenzy isn t slowing down
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