By Aman Prasad, Jiaqi Tang, Oliver Greenhalgh (University of Birmingham), Alvaro Aguilar De Nalda (ESADE); Freya ZHANG, Akshi Bansal, Jacky CHAN, Sharon Liu, Chak Li (HKUST) Photo: Adi Goldstein (Unsplash) Overview of the deal Acquirer:  IBM Target:  Confluent Implied Equity Value:  $ 31 per share Total Transaction Size:  $11.9 billion Closing Date:  Expected mid-2026 Target Advisor:  Morgan Stanley (financial), Cooley LLP (legal) Acquirer Advisor:   Centerview Partners (fina

By Gilles Michaud and Marc Bellon (HEC Paris), Alvaro Aguilar De Nalda (ESADE); Edoardo Roveda, Alesha Jaswal, Mikhail Sinev, and Cooper Wu (University College London) Photo: Stephen Dawson (Unsplash) Overview of the deal Acquirer:  Atlassian Corporation Target:  DX Implied Equity Value:  Approximately $1 billion in cash and restricted stock Total Transaction Size:  ~ $1 billion Closed date:  Announced September 18, 2025 and completed on November 10, 2025 Target advisor: Fenw

By Rasmus Sjögren, Alexander Henje, Haris Jasarevic, Nikolas Kakona (Stockholm School of Economics), Shivam Gujral (University of Cambridge) Photo: Brett Jordan (Unsplash) Overview of the deal Acquirer:  T-Mobile US, Inc. – a leading American wireless carrier and subsidiary of Deutsche Telekom Target:  Uscellular’s Wireless Operations – a regional wireless business of United States Cellular Implied Equity Value:  US$4.3 billion Total Transaction Size:  ~US$4.3 billion, includ

By Shahmir Ahmed, Alp Ceylan, and Francesco del Sesto (Bocconi University); Alvaro Aguilar De Nalda (ESADE); Nikhil Freiherr Raitz Von Frentz, Max Fischer, Daniel Barker, Moritz Ibe (University of St Andrews) Photo: Farzad (Unsplash) Summary of IPO Meesho is a Bangalore-based start-up that was founded by two IIT Delhi graduates in December 2015. It went public on the BSE and NSE the 10th of December 2025. It is a mobile-app-based e-commerce marketplace that lets small busines

By Alexander Svanidze, Ava Singer, Ryan Leo, Julianna Zelnhefer (Boston University); Alvaro Aguilar De Nalda (ESADE); Rasmus Sjögren, Alexander Henje, Haris Jasarevic, Nikolas Kakona (SSE) Photo: Quick PS (Unsplash) Overview of the deal Acquirer:  Omnicom Group Target:  Interpublic Group Implied Equity Value : $13.25 billion USD Total Transaction Size:  $13.25 billion USD Closing Date:  November 26, 2025  Target Advisor:  Morgan Stanley (Financial), Willkie Farr & Gallagher L

By Anastasia Malikova, Dennis Malaj, Gauri Khanna, Sarah Lee (LSE); Aman Prasad, Ibrahim Demir, Jiaqi Tang, Oli Greenhalgh (University of Birmingham) Photo: Florian Olivo Overview of the deal Acquirer: PIF, Silver Lake, and Affinity Partners Target: Electronic Arts (EA) Total Transaction Size: $55 billion Closed Date : Expected in Q1 FY27 Target Advisors: Goldman Sachs & Co. LLC (Financial); Wachtell, Lipton, Rosen & Katz (Legal) Acquirer Advisors : J.P. Morgan Securities LL

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