Gillian Tan, Columnist

Wait, What? The M&A Boom Is Back

The conditions for dealmaking are still ripe.
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If you thought the M&A wave had crested, think again.

Four mega-deals worth a combined $240 billion (or more) are poised to propel 2016 toward a better-than-anticipated finish. The biggest, AT&T-Time WarnerBloomberg Terminal, was inked over the weekend at a healthy $108.7 billion (including net debt). That followed a long-anticipated move by British American Tobacco, which on Friday announced a $58 billion offer (also including debt) for the stake in Reynolds American that it doesn't already own. Then there's Qualcomm's $46 billion deal for NXP Semiconductors, which may be sealed as soon as this week -- and, oh yes, a possible CBS-Viacom reunion, which could be valued north of $30 billion.