Worldwide M&A hits all-time high

Global announced mergers and acquisitions have surpassed the previous record set in 2000 following the $26.5bn (€20.7bn) private equity buyout of Clear Channel Communications, the US radio and advertising company.

Worldwide volumes reached $3.4 trillion last night, surpassing the $3.3 trillion announced in 2000, according to Dealogic, the investment banking research provider.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire