Deals
M&A Races Past $400 Billion Mark After Capital One-Discover Deal
- US leading recovery with a more than 80% rise in deal values
- Rising stock markets are providing buyers with added firepower
The US is leading a revival in global mergers and acquisitions that many dealmakers didn’t think would emerge until later in the year.
The latest big transactions in the country are led by Capital One Financial Corp.’s $35 billion offer to buy Discover Financial Services. Elsewhere, Truist Financial Corp. is selling its insurance brokerage business in a deal valuing the asset at $15.5 billion and Walmart Inc. has agreed to acquire smart-TV maker Vizio Holding Corp. for about $2.3 billion.