Mergers and Acquisitions

U.S. Dealmaking at Record Year-to-Date High

U.S. Dealmaking at Record Year-to-Date High
Image credit: Jay Wilson | Flickr
1 min read
This story originally appeared on Reuters

Dealmaking in the United States has made its strongest start to a year since Reuters records began in 1980, climbing 52 percent year on year to $746.9 billion in the Jan. 1 to May 28 period.

Merger and acquisition (M&A) activity was boosted this week when Charter Communications said it would acquire larger rival Time Warner Cable for $56 billion and Avago Technologies agreed to buy rival chipmaker Broadcom Corp for $37 billion.

The Time Warner deal also propelled cable M&A up 42 percent year on year to $97.2 billion.

Morgan Stanley, which advised Time Warner Cable on its second approach from Charter Communications, along with Citi, Allen & Co and Centerview, tops the list of U.S. M&A advisers.

Global M&A activity is up 35 percent from the same period in 2014, with $1.7 trillion of deals having been struck.

(Reporting By Anjuli Davies; Editing by David Goodman)

More from Entrepreneur

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

How the Ruling Allowing AT&T's $85 Billion Acquisition of Time Warner Could Affect Entrepreneurs