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S&P: North American M&A Activity Slows

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A report from S&P Global Market Intelligence revealed that mergers and acquisitions by North American companies declined in the fourth quarter of 2022. S&P said this represented a decline when compared to 2021, due to rising interest rates and a slowing economy that discouraged companies from

M&A from U.S. and Canada fell to $1.477 trillion in 2022, down 41.4% from 2021, while the number of transactions dropped to 20,965, down 21.2% from 2021, the report said.

The report showed that Microsoft-Activision Blizzard (MSFT) deal was the biggest of 2022, at nearly $69 billion, followed by Broadcom's $67.99 billion offer to buy out VMWare. Elon Musk taking over Twitter was the third-biggest deal of the year, according to S&P.