Latest Corporate News
Global M&A Frenzy Tops $463B in December
Global mergers and acquisitions announced this month reached $463.6 billion, 30% more than last year, keeping bankers working through holidays. Key deals include Trump Media's $6B merger with TAE Technologies, IBM's $11B purchase of Confluent, and a bidding war for Warner Bros Discovery involving Paramount Skydance and Netflix.
Private equity firms led by Permira and Warburg Pincus agreed to buy Clearwater Analytics for $8.4B.
Alphabet Acquires Intersect for $4.75B to Boost Energy Innovation
Alphabet announced the $4.75 billion acquisition of Intersect, which provides next-generation infrastructure for data centers via co-located gas and renewable power. Intersect has $15B in assets and aims to deliver fast, cheap, clean energy for AI-driven demands.
The deal supports Google's data center expansion without grid cost burdens.
Clearwater Analytics Secured in $8.4B Takeover by Investor Group
Permira, Warburg Pincus-led group with Temasek and Francisco Partners to acquire Clearwater Analytics for $8.4B at $24.55 per share. The deal, announced Dec 21, awaits stockholder and regulatory approvals, expected H1 2026.
Kirkland & Ellis advised on the transaction after a thorough review by independent directors.
Google's $32B Wiz Acquisition Tops 2025 Tech M&A
Google plans to acquire cloud security firm Wiz for $32 billion, the largest tech M&A deal of 2025. HPE completed its $13.4B acquisition of Juniper Networks amid a wave of AI-focused buys.
Established firms snapped up AI startups to bolster portfolios, including Capgemini's $3.3B WNS deal.
Mega Mergers Reemerge with 63 Deals Over $10B Globally
2025 saw 63 global deals worth $10B+ through late November, surpassing prior highs, including four U.S. $40B+ transactions. Highlights: Union Pacific's $85B with Norfolk Southern, Netflix's $82.7B Warner Bros buy, Teck's $69B with Anglo American.
Hostile bids rose, like Paramount Skydance for Warner Bros and Novo Nordisk for Metsera.
Novo Nordisk Wins U.S. Approval for Wegovy Pill
Novo Nordisk gained FDA approval for a pill version of obesity drug Wegovy to counter Eli Lilly and protect market share. Sales to begin early January 2025 in the U.S., boosting the company's position after a tough year.
This oral format expands access to the blockbuster treatment.
Megaspeed International Emerges as Top Nvidia Chip Buyer
Singapore-based AI firm Megaspeed, a spinoff of a Chinese gaming company, became Southeast Asia's largest Nvidia chip buyer in under three years. Its rapid rise in AI cloud computing draws U.S. scrutiny over potential smuggling to China.
Nvidia assures no chip diversion is occurring.
Palo Alto Networks Acquires CyberArk for $25B
Palo Alto Networks completed a $25B acquisition of CyberArk amid cybersecurity M&A boom. Other big security deals: Proofpoint's $1.8B Hornetsecurity buy, Sophos' $859M Secureworks.
CrowdStrike pursued multiple acquisitions like Onum and Pangea.
Bank M&A Accelerates with Regional Consolidations
2025 featured major bank deals like Capital One's $35.3B Discover acquisition and regional combos: Synovus-Pinnacle, Huntington-Veritex. Others include Fifth Third-Comerica, PNC-FirstBank.
Activity reflects bolder dealmaking post-regulatory shifts.
TPG Acquires Majority Stake in Conservice
TPG invested via TPG Capital in a majority stake of Conservice, a utility billing and financial services firm. Davis Polk advised on the deal expanding TPG's U.S. and European portfolio.
Terms were not disclosed but signal ongoing private equity activity.
European Defense and Bank Stocks Surge Amid Market Rally
Global stocks rallied with MSCI World up 20% despite trade policies; European defense and bank stocks rebounded strongly. U.S. dollar fell 10%, emerging currencies recovered; South Korean and Venezuelan bonds surged.
Risks loom for 2026 from policy shifts and AI uncertainties.