Joanna Nolasco May 20, 2016
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.
M&A deals with blockbuster price tags have seen a notable increase of late. According to the PitchBook Platform, majority transactions worth at least $10 billion have amounted to a total of $371 billion deployed worldwide across 13 deals so far in 2016. Not even five months in, this year’s total value in $10B+ M&A is already 77% of what was recorded in all of 2015—a year that had set records for this upper echelon of transaction sizes.
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.
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Updated May 23: Bayer announced Monday that its offer to acquire Monsanto values the company at $62 billion.