Analysis: US M&A Deal Count Rises as Total Deal Value Falls

Two businessmen shake hands, signaling a deal or agreement. Energy transaction deals concept image.
The third-, fourth- and fifth-largest deals of 2025 all involved Diamondback Energy and its minerals unit, Viper Energy, according to a J.P. Morgan Securities analysis of deals through November. (Shutterstock)
December 04, 2025 05:40 PM CST