Skip to content

Subscriber Only

Deals

U.S. Dealmaking Heads for Best Month of 2020 After Pandemic Rut

This month has seen a number of large TMT, energy deals
Sale of EBay’s classifieds unit for $9.2 billion adds to haul

Photographer: Bing Guan/Bloomberg

By

Nabila Ahmed and

July 21, 2020, 12:35 PM UTC

After months of lagging 2019 volumes, U.S. dealmaking has crept back and put July on course to be the busiest month of the year so far.

The tally is rising as large deals that have been in the works for months finally reach the finish line. U.S. transactions valued at $105 billion have been announced in July, making it the only month of 2020 so far in which deal volume has increased year-on-year, according to data compiled by Bloomberg.