SpaceX Absorbs xAI in $1.25 Trillion Mega-Merger — Largest Deal in Corporate History
SpaceX completed its acquisition of Elon Musk's AI startup xAI in a share-exchange deal in February 2026 valued at a combined $1.25 trillion, making it the largest corporate combination ever recorded — more than triple the previous record. Each xAI share converted into 0.1433 SpaceX shares, valuing SpaceX at $1 trillion and xAI at $250 billion. Musk cited 'orbital data centres' as the primary rationale, combining Starlink's 7,000+ satellite constellation with xAI's Grok LLM ahead of a planned SpaceX IPO targeting a $1.75 trillion valuation.
Warner Bros. Discovery Shareholders Approve $111B Paramount Merger — Regulators Up Next
Warner Bros. Discovery shareholders voted overwhelmingly to approve Paramount Skydance's $111 billion takeover on 23 April 2026, with 1.743 billion shares in favour and only 16.3 million opposed. The deal — which values WBD shares at $31 in cash — still requires DOJ and FCC clearance. Close is targeted for Q3 2026, though a 49.5% Middle Eastern ownership stake has drawn FCC scrutiny and state AG subpoenas.
NPR · 27d ago
BlackRock and EQT to Take AES Corporation Private in $33.4B Clean Energy Deal
Globe and Mail · 80d ago
QXO to Acquire TopBuild for $17B in Landmark Building Products Deal
Bloomberg · 32d ago
Sun Pharma Signs $11.75B Deal to Acquire Organon in Largest Indian Pharma M&A Ever
Bloomberg · 25d ago
Devon Energy Completes All-Stock Merger with Coterra Energy, Creating $58B Shale Giant
Devon Energy IR · 14d ago
Google Completes $32B Acquisition of Wiz — Biggest Deal in Alphabet's History
Google officially completed its $32 billion acquisition of cybersecurity firm Wiz on 11 March 2026, following DOJ antitrust clearance. The deal — the largest in Alphabet's 28-year history — integrates Wiz's cloud-native security platform into Google Cloud, strengthening its competitive position against AWS and Azure. Wiz will continue to serve multi-cloud clients across competing platforms. The acquisition values Wiz at roughly 25x its approximately $1.25 billion annualised recurring revenue.
“FCC Approves Charter's $34.5B Cox Acquisition — California Remains Final Hurdle”
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Healthcare
Biogen Completes $5.6B Acquisition of Apellis, Adding SYFOVRE Blockbuster to Portfolio
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Roche to Acquire PathAI for Up to $1.05B to Accelerate AI-Driven Digital Pathology
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Gilead Sciences Acquires ADC Biotech Tubulis for Up to $5B to Expand Oncology Pipeline
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Spotlight
SpaceX Absorbs xAI in $1.25 Trillion Mega-Merger — Largest Deal in Corporate History
SpaceX completed its acquisition of Elon Musk's AI startup xAI in a share-exchange deal in February 2026 valued at a combined $1.25 trillion, making it the largest corporate combination ever recorded — more than triple the previous record. Each xAI share converted into 0.1433 SpaceX shares, valuing SpaceX at $1 trillion and xAI at $250 billion. Musk cited 'orbital data centres' as the primary rationale, combining Starlink's 7,000+ satellite constellation with xAI's Grok LLM ahead of a planned SpaceX IPO targeting a $1.75 trillion valuation.
Read analysis →
Warner Bros. Discovery Shareholders Approve $111B Paramount Merger — Regulators Up Next
Warner Bros. Discovery shareholders voted overwhelmingly to approve Paramount Skydance's $111 billion takeover on 23 April 2026, with 1.743 billion shares in favour and only 16.3 million opposed. The deal — which values WBD shares at $31 in cash — still requires DOJ and FCC clearance. Close is targeted for Q3 2026, though a 49.5% Middle Eastern ownership stake has drawn FCC scrutiny and state AG subpoenas.
— NPR · 27d ago
BlackRock and EQT to Take AES Corporation Private in $33.4B Clean Energy Deal
A consortium led by BlackRock's Global Infrastructure Partners and EQT Infrastructure agreed on 2 March 2026 to acquire power company AES Corporation for $15 per share in cash — an enterprise value of $33.4 billion — in one of the largest utility take-privates in history. Co-investors include CalPERS and the Qatar Investment Authority. The deal shields AES from volatile public markets during a capital-intensive build-out of clean energy and data centre power infrastructure. Close is expected in late 2026 or early 2027.
Read analysis →
Google Completes $32B Acquisition of Wiz — Biggest Deal in Alphabet's History
Google officially completed its $32 billion acquisition of cybersecurity firm Wiz on 11 March 2026, following DOJ antitrust clearance. The deal — the largest in Alphabet's 28-year history — integrates Wiz's cloud-native security platform into Google Cloud, strengthening its competitive position against AWS and Azure. Wiz will continue to serve multi-cloud clients across competing platforms. The acquisition values Wiz at roughly 25x its approximately $1.25 billion annualised recurring revenue.
— Cybersecurity Dive · 71d ago