2025 M&A Surge: Best Year in Six Months with $32B+ in Major Deals

2025 is tracking as the strongest M&A year in the past six years, with major acquisitions including Salesforce-Informatica and Google-Wiz totaling over $32 billion. Year-to-date M&A value has exceeded 2020 levels and decade highs, while the number of disclosed deals is also at record levels. The IPO market remains quiet, but enterprise software strength and potential trade policy clarity suggest the second half may bring increased startup liquidity.