October Was a Record Month for Deal Making, With M&A Totaling $489 Billion
AT&T's bid for Time Warner was just one of the mega deals announced last month, which was a record for M&A activity.
October goes into the record books as a month of mega merger mania. It was a record month for making deals, with $489 billion in mergers and acquisitions. That's the highest amount in at least 12 years, according to data compiled by Bloomberg. The biggest deal of the year was announced late in the month, when AT&T's (T) - Get Report $85.4 billion bid for Time Warner (TWX) . Bloomberg reports that so far this year, there have been 32 deals valued at more than $10 billion. The bid deal announced on the final day of the month was CenturyLink's (CTL) - Get Report $34 billion acquisition of Level 3 Communications (LVLT) .
