Global merger and acquisition activity reached a record $2.8 trillion during the first six months of 2026, according to data from LSEG.

The surge was driven by a wave of multi-billion-dollar deals as companies pursued acquisitions to strengthen their positions in artificial intelligence, energy, telecommunications and infrastructure.

A total of 47 transactions valued at more than $10 billion were announced during the period, accounting for nearly half of the total value of global deal-making.

Corporate executives have remained confident despite economic uncertainty, taking advantage of improved financing conditions and easing regulatory environments to pursue major acquisitions.

Technology remained the busiest sector for mergers and acquisitions, with companies racing to acquire AI capabilities, cloud-computing infrastructure and semiconductor technologies.

Energy, utilities and consumer goods companies also completed several high-value transactions aimed at expanding their market presence and improving operational efficiency.

Investment bankers say businesses are increasingly favouring larger strategic acquisitions over smaller transactions because they offer greater opportunities for long-term growth and competitive advantage.

Cross-border deals also rose significantly, reflecting renewed confidence in international business expansion.

Analysts expect merger activity to remain strong throughout the remainder of 2026 as businesses continue adapting to technological change, evolving consumer demand and global economic shifts.

Companies with strong balance sheets are likely to remain active buyers in the months ahead.

Source: Reuters, LSEG