Global M&A value neared record levels in 2026. AI demand drove deals beyond tech into supporting sectors. Deals hit $3.3T in the first nine months. 42 deals exceeded $10B each. These mega-deals made up 36% of total value. AI triggered a boom lighting up utilities and energy. SpaceX bought Anysphere for $55B in June. Deal volume fell 1% to 32,419 transactions. Larger deals remained strong while smaller ones slowed. A backlog of deals supports robust forecasts. Apollo may buy Johnson & Johnson’s orthopedics unit for $20B. O’Reilly Automotive may buy Genuine Parts’ auto division for over $10B.
- $3.3T global M&A value in first nine months of 2026
- 42 deals over $10B totaling $1.1T
- $55B SpaceX purchase of Anysphere
- 32,419 transactions, down 1% YoY
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