Google’s Record-Breaking $32B Wiz Acquisition Ignites 2025 M&A Boom
The global mergers and acquisitions market is witnessing a robust recovery in 2025, with deal activity reaching an impressive $3.17 trillion in total volume. This marks a 9.8% increase from 2023. Leading the charge is Google’s proposed $32 billion all-cash acquisition of cybersecurity firm Wiz Inc. This represents the largest acquisition in Google’s history, underscoring the tech giant’s aggressive expansion into AI and cloud computing.
Other significant deals shaping the 2025 M&A landscape include:
- Constellation Energy’s $26.6 billion acquisition of Calpine in the energy sector,
- Global Payments’ $24.25 billion acquisition of Worldpay in banking and capital markets.
The technology, energy, and healthcare sectors continue to drive major transactions as companies seek to enhance competitive positioning and expand market share.
Despite positive momentum, dealmakers face challenges from intensified regulatory scrutiny. This is particularly concerning for AI-driven acquisitions and cross-border transactions. Geopolitical uncertainties and interest rate fluctuations also continue to shape strategic decision-making. However, experts predict sustained growth in M&A activity through 2026.
Source: PwC Global Deals Trends