TikTok denies a report that China is looking at facilitating a sale of the app to Elon Musk, calling the report 'pure fiction'.
The 2025 M&A landscape split into two tracks: mega-deals driven by AI infrastructure demand and defensive acquisitions by companies racing to integrate AI before competitors. Regulatory scrutiny intensified — the FTC and EU blocked or delayed several major transactions, creating a new category of 'announced but stalled' deals that dominated coverage for months.