ANALYSIS: Over $2.5T in Signed 2020–2021 M&A Deals Await Closing

With recent market volatility causing the $14.7 billion Zoom Video Communications Inc. acquisition of Five9 Inc. to fall apart last week, attention has been called to a potential negative ripple effect for other stock deals. Considering the current economic landscape, as well as the high level of M&A-specific regulatory uncertainty, it’s an appropriate time to check in on just how much of the recent M&A boom—regardless of consideration type—has yet to actually close.

According to Bloomberg data, more than 21,000 global deals announced since the start of 2020, valued at a total $2.5 trillion, remain pending in ...