Jonathan Sinclair

1 month ago | sifted.eu | Éanna Kelly |Jonathan Sinclair |Federico Scolari

Will we see a dealmaking bump in 2025? Or will it be another year of muted M&A? Many predicted an explosion in tech deals in 2024. It didn’t happen. But there were standouts, including London-based biotech EyeBio’s acquisition by US pharma group Merck for $1.3bn and Italian unicorn Bending Spoons’s takeover of Dutch file transfer service startup WeTransfer for a (Pitchbook reported) $700m. So far in 2025, M&A activity hasn’t meaningfully ticked up.