COVID-19 takes toll on global M&A as $1b deals disappear

COVID-19 takes toll on global M&A as $1b deals disappear

People walk on the street in Macau wearing face masks to protect them to be infected with coronavirus. Source: Macau Photo Agency/Unsplash

For the first time since September 2004, no merger and acquisition deal worth more than $1 billion was announced worldwide last week, according to data provider Refinitiv, as the new coronavirus stifles global M&A.

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