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Virus Upends $87 Billion of Deals in Sign of Corporate Fears

  • Transactions in April, May and June were lowest since 1998
  • Ally Financial, Simon Property and Boeing deals disrupted

Dead, delayed, renegotiated -- at least $87 billion worth of deals have been thrown into chaos this year in the midst of the world’s economic and pandemic upheaval.

The unprecedented disruption in mergers and acquisitions has swept across a myriad of industries, from travel, retail, real estate and energy to even seemingly sheltered sectors such as finance and technology. In dollar terms, dealmaking has slumped by more than 70% in the U.S. and some 55% globally compared with a year ago, according to data compiled by Bloomberg.