For reasons, no one has really been able to explain, deal making just had its biggest week since the dot-com boom. More than five multi-billion dollar deals were announced this past week, totaling $207 billion in deal volume globally. That’s the biggest week since 1999, according to data provider Dealogic.
The biggest one is AT&T’s blockbuster $85.4 billion deal to buy Time Warner, the largest acquisition announced this year. The trend also includes British American Tobacco PLC’s proposed deal to buy the rest of Reynolds American for about $47 billion.
And the deals aren't over yet. Chip maker Qualcomm is expected to announce as early as this week its purchase of NXP Semiconductors, worth roughly $40 billion.