Global M&A Trends

GameStop's reported decision to reconsider its $56 billion eBay acquisition may be the most important governance development in the story so far. As Ryan Cohen explores alternatives to a full takeover, the debate has shifted from financing a massive acquisition to a more fundamental question: Does GameStop need to own eBay to create value? The answer could become a case study in disciplined capital allocation.

3M spun out Solventum to create a more focused healthcare company. Now Solventum is preparing to spin out or sell a major business of its own. Here's how shareholder expectations, corporate governance, and activist investor Trian Fund Management helped drive the company's latest strategic move.

In 2010, Stripe was founded to solve a problem that PayPal hadn't solved well for developers. By 2026, Stripe had reportedly become valuable enough to help finance a $53 billion bid for PayPal itself. This is the story of how the challenger became the acquirer—and why the deal is really about owning both the merchant and consumer sides of internet commerce.

What does it take to complete a $14.8 billion global acquisition in 2026? The proposed Uber–Delivery Hero transaction offers an answer. From board negotiations and institutional shareholder support to antitrust scrutiny and third-party asset carve-outs, the deal illustrates how major M&A transactions are increasingly structured and governed.