Expect the trend of large M&A deals to continue into 2026, despite geopolitical uncertainties. Pent-up demand, a rising stock market, and steady interest rates fueled a turnaround in the second half of 2025. Sectors like energy, defense, biopharma, and technology will attract strong interest, while consumer-focused businesses may face challenges.

Eight mega-deals worth over $10 billion closed in the third quarter of 2025, the most since 2018. Large deals valued over $1 billion also surged. In 2026, M&A will focus on de-conglomerating and portfolio optimization. Technology startups aiming for acquisitions need to show they can impact payroll budgets, not just software budgets.

While reports express confidence in continued large M&A deals in 2026, uncertainties remain. Tariff volatility and geopolitical rifts may persist, impacting integration planning. Pent-up demand, a rising stock market, and steady interest rates fueled a surprising turnaround in the second half of 2025, particularly in high-end M&A.

Read more at Yahoo Finance: Large M&A deals expected in 2026 despite continuing geopolitical strife