Global M&A transactions have reached $3.3 trillion this year, driven by large deals like Netflix, approaching historical peaks.

Driven by a large number of year-end transactions, as of December 4th, this year's global M&A deal volume has reached $3.3 trillion, a 37% increase from 2024, and is expected to be the best-performing year since 2021. Major transactions, including Netflix's $72 billion acquisition of Warner Bros. Discovery on December 5th, and Netflix's record-breaking $59 billion financing, highlight how corporate giants are seizing the opportunity of a deal-friendly regulatory environment to seek industry-transforming mergers and acquisitions.