A revived M&A market continued into 2013 with some big corporate deals. While a total of 2,547 deals worth $405.9 billion lagged behind the year-earlier period, U.S. deals climbed to a combined total of $167 billion. Here are the top global deals struck in the first quarter.
Data source: Mergermarket
In what was billed as the largest deal ever for the food industry, Warren Buffett’s Berkshire Hathaway partnered with 3G Capital Partners to buy famed ketchup maker Heinz for $27.36 billion.
John Malone’s Liberty Global agreed to buy Virgin Media, a U.K. cable television and Internet provider, in a deal that totaled $21.85 billion.
An ongoing M&A battle has competing firms bidding for Dell, which already has a $21.77 billion takeover deal lined up with founder Michael Dell and Silver Lake Partners. Recent reports indicate that Michael Dell, who owns a 15.6% stake in the PC and laptop maker, will only back a buyout bid from Blackstone Group (NYSE:BX) if the firm allows him to remain CEO.
Cable giant Comcast agreed to buy from General Electric the remaining 49% of NBC Universal it did not already own. The deal was valued at $16.7 billion.
Repsol, a Spanish oil and gas company, sold a package of liquefied natural gas assets to Royal Dutch Shell for $6.7 billion.
A subsidiary of Russian billionaire Mikhail Friedman’s Altimo made a $6.4 billion offer for Orascom, an Egyptian network operator.
American Airlines parent AMR Corp. and US Airways are set to merge after agreeing to a $4.9 billion deal that was approved by a bankruptcy court.
U.S. oil and gas producer Linn Energy agreed in February to buy Colorado-based Berry Petroleum for a total of $4.3 billion.
Kinder Morgan Energy Partners, one of the largest gas pipeline operators in North America, and Copano announced in January a $4.27 billion merger agreement. Richard Kinder is the CEO of Kinder Morgan.
Italian oil giant ENI sold 28.6% of its East Africa unit to China National Petroleum for $4.21 billion.
M&A activity is back in action this year, with two mega buyouts already announced and many smaller deals also unveiled.