A surge in multi-billion-dollar deals has bankers and advisers working through the holidays as $463.6 billion in mergers and acquisitions were announced this month, including Trump Media’s $6 billion merger with TAE Technologies and a bidding war between Paramount and Netflix for Warner Bros Discovery. The activity is broad-based and expected to continue into 2026, with several big deals in the pipeline. Paramount’s revised $108.4 billion bid is jointly financed by RedBird Capital Partners, extending the deadline to January 21. The intense activity is driven by a shift in philosophy to find reasons to say yes to deals.

Read more at Yahoo Finance: Warner Bros bidding war and red hot M&A market has dealmakers working through holidays