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Dealmaking in April Drops to Lowest Point Since 2004

A businessman stands outside an office building in the City of London.

A businessman stands outside an office building in the City of London.

Photographer: Jason Alden/Bloomberg
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April was the worst month for deals globally since 2004, with a smaller volume announced even than during the financial crisis.

Mergers, acquisitions and related investments totaled $93.54 billion for the month, according to data compiled by Bloomberg. That was barely a third of the total from March when the coronavirus pandemic took hold, and the worst month since September 2004, the data show.