This has been an impressive past week for massive—and we mean massive—mergers & acquisitions. First, Charter Communications (NASDAQ: CHTR) completed its purchase of both Time Warner Cable and Bright House Networks for a total of roughly $70 billion, forming a combined broadband company serving over 25 million U.S. customers. Days later, healthcare and agriculture corporation Bayer (ETR: BAYN) offers to acquire Monsanto (NYSE: MON) for $122 per share in an all-cash offer that values the U.S. company at $62 billion.
With $224 billion invested across seven $10B+ M&A deals, 1Q surpassed the deal value of each quarter since 2012 while equaling the previous peak for volume. This quarter is on pace to be another torrid one for mammoth M&A deals, with six closed transactions clocking in $147 billion total.