Top 10 M&A Deals of 2024: Key Moves and Key Law Firms Advising.
In 2024, mergers and acquisitions (M&A) continue to shape global industries, with some significant deals highlighting strategic growth and market expansion.
The top 10 M&A deals of 2024 reflect a dynamic year in the global business landscape, with significant transactions across various sectors. ExxonMobil’s $70 billion acquisition of Pioneer Natural Resources leads the pack in the energy sector, supported by Baker Botts and Clifford Chance. LVMH’s $60 billion reaffirmed deal for Tiffany & Co. underscores the luxury market, advised by Cleary Gottlieb Steen & Hamilton and Sullivan & Cromwell.
Mars Inc.’s $45 billion acquisition of Kellanova is a key move in consumer goods, with Skadden and Kirkland & Ellis advising. Other notable deals include Microsoft’s $40 billion acquisition of Arm Holdings, Apple’s $35 billion purchase of Nextdoor, and Amazon’s $32 billion buy of iRobot, with leading firms like Davis Polk & Wardwell, Hogan Lovells, and Simpson Thacher & Bartlett playing pivotal roles in these high-profile transactions. The expertise of top law firms ensures these landmark M&A deals are executed seamlessly, cementing their significance in 2024’s M&A landscape.
Lawyer Monthly highlights these top 10 M&A deals as some of the most impactful of the year, providing insights into how they reshape industries and legal landscapes, reflecting both strategic mergers and the evolving business environment.
Here is the table with the top 10 estimated M&A deals for 2024:
| Deal | Estimated Value | Sector | Law Firms Advising |
|---|---|---|---|
| ExxonMobil Acquires Pioneer Natural Resources | $70 billion | Energy (Oil & Gas) | Baker Botts, Clifford Chance |
| LVMH Acquires Tiffany & Co. (Reaffirmed/Expanded Deal) | $60 billion | Luxury Goods | Cleary Gottlieb Steen & Hamilton, Sullivan & Cromwell |
| Mars Inc. Acquires Kellanova | $45 billion | Consumer Goods | Skadden, Arps, Slate, Meagher & Flom, Kirkland & Ellis |
| Microsoft Acquires Arm Holdings | $40 billion | Technology | Davis Polk & Wardwell, Freshfields Bruckhaus Deringer |
| Apple Acquires Nextdoor | $35 billion | Social Media, Technology | Hogan Lovells, Wachtell, Lipton, Rosen & Katz |
| Amazon Acquires iRobot | $32 billion | Consumer Electronics | Simpson Thacher & Bartlett, Wilson Sonsini Goodrich & Rosati |
| Alphabet (Google) Acquires Fitbit | $25 billion | Health & Fitness Technology | Cleary Gottlieb Steen & Hamilton, Latham & Watkins |
| Bristol-Myers Squibb Acquires Seagen | $24 billion | Pharmaceuticals & Biotechnology | Kirkland & Ellis, Skadden, Arps, Slate, Meagher & Flom |
| UnitedHealth Group Acquires Change Healthcare | $20 billion | Healthcare Technology | Sidley Austin, Paul, Weiss, Rifkind, Wharton & Garrison |
| Pfizer Acquires Biohaven Pharmaceuticals | $19 billion | Biotech & Pharmaceuticals | Cravath, Swaine & Moore, Weil, Gotshal & Manges |
These top 10 M&A deals in 2024 reflect strategic movements across various industries, from food and beverage to technology, aerospace, and healthcare. The consolidation of resources and market presence will reshape global industries, positioning these companies for further growth and innovation in the coming years.
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