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Global M&A activity climbs to second-best year on record

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Global mergers and acquisitions topped $4 trillion in 2025 for the first time since the 2021 boom.

M&A activity climbed by nearly 50% to $4.5 trillion worldwide.

That's the second-highest total, save only to 2021, in more than 40 years of records.

Read more from the Financial Times.

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