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GLOBAL M&A ACTIVITY GAINS STRENGTH IN 2025

  • Writer: Fernanda Bezerril
    Fernanda Bezerril
  • Aug 5
  • 1 min read

Updated: Aug 28

The second quarter of 2025 marked the second-strongest M&A performance by deal value since 2021, totaling $50 billion in reported exits, despite a Q1 boosted by Google’s historic $32B acquisition of Wiz.


Line chart showing global mergers and acquisitions (M&A) activity from 2023 to 2025, measured in billions of US dollars (U$ B). In 2023, values were Q1: 21.3; Q2: 12.6; Q3: 14.7; Q4: 23.3. In 2024, Q1: 10.3; Q2: 35.4; Q3: 28.8; Q4: 35.7. In 2025, Q1: 71.0 and Q2: 50.5. The chart highlights a drop at the start of 2024, followed by significant growth and a sharp peak in the first quarter of 2025. Source: Crunchbase.

Key highlights of the quarter include:


  • OpenAI emerged as the most active acquirer, completing four transactions, including Io (founded by Jony Ive) for $6B and Windsurf for $3B.


  • 18 companies were acquired for over $1 billion each.


  • While the majority of acquisitions were driven by publicly traded companies, venture-backed players such as OpenAI and Databricks also closed billion-dollar deals.


  • Annual growth was fueled primarily by late-stage rounds, which reached $55B, up 53% year-over-year.


Market consolidation continues at a rapid pace, with both strategic and financial players competing aggressively for high-tech, high-growth assets.





By DealMaker Insights | DealMaker

GLOBAL M&A ACTIVITY GAINS STRENGTH IN 2025

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