Devon Energy Completes All-Stock Merger with Coterra Energy, Creating $58B Shale Giant
Devon Energy and Coterra Energy completed their all-stock merger on 7 May 2026, with shareholders approving the combination at special meetings on 4 May. Each Coterra share converted into 0.70 Devon shares; Devon holders retain approximately 54% of the enlarged group. The combined company targets $1 billion in annual pre-tax synergies by 2027, anchored by a leading position in the Delaware Basin.
Warner Bros. Discovery Shareholders Approve $111B Paramount Merger — Regulators Up Next
Warner Bros. Discovery shareholders voted overwhelmingly to approve Paramount Skydance's $111 billion takeover on 23 April 2026, with 1.743 billion shares in favour and only 16.3 million opposed. The deal — which values WBD shares at $31 in cash — still requires DOJ and FCC clearance. Close is targeted for Q3 2026, though a 49.5% Middle Eastern ownership stake has drawn FCC scrutiny.
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Sun Pharma Agrees $11.75B Deal to Acquire Organon, Marking Largest M&A Transaction of 2026
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Amazon to Acquire Globalstar for $11.6B to Build Amazon Leo Satellite Network
Amazon agreed on 14 April 2026 to acquire satellite operator Globalstar in an $11.6 billion all-cash deal at $90 per share, enabling the creation of Amazon Leo — a direct-to-device LEO satellite network. Amazon simultaneously announced a partnership with Apple to power satellite-based Emergency SOS services for iPhone and Apple Watch. Close is expected in 2027 pending FCC spectrum and antitrust approvals.
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Spotlight
Devon Energy Completes All-Stock Merger with Coterra Energy, Creating $58B Shale Giant
Devon Energy and Coterra Energy completed their all-stock merger on 7 May 2026, with shareholders approving the combination at special meetings on 4 May. Each Coterra share converted into 0.70 Devon shares; Devon holders retain approximately 54% of the enlarged group. The combined company targets $1 billion in annual pre-tax synergies by 2027, anchored by a leading position in the Delaware Basin.
Read analysis →
Warner Bros. Discovery Shareholders Approve $111B Paramount Merger — Regulators Up Next
Warner Bros. Discovery shareholders voted overwhelmingly to approve Paramount Skydance's $111 billion takeover on 23 April 2026, with 1.743 billion shares in favour and only 16.3 million opposed. The deal — which values WBD shares at $31 in cash — still requires DOJ and FCC clearance. Close is targeted for Q3 2026, though a 49.5% Middle Eastern ownership stake has drawn FCC scrutiny.
— NPR · 14d ago
Sun Pharma Agrees $11.75B Deal to Acquire Organon, Marking Largest M&A Transaction of 2026
Indian generics giant Sun Pharmaceutical Industries signed a definitive agreement in April 2026 to acquire U.S. healthcare company Organon & Co. for approximately $11.75 billion. The deal — the largest M&A transaction of 2026 to date — gives Sun Pharma access to Organon's biosimilars portfolio, women's health franchises, and commercial operations across 140+ markets worldwide.
Read analysis →
Amazon to Acquire Globalstar for $11.6B to Build Amazon Leo Satellite Network
Amazon agreed on 14 April 2026 to acquire satellite operator Globalstar in an $11.6 billion all-cash deal at $90 per share, enabling the creation of Amazon Leo — a direct-to-device LEO satellite network. Amazon simultaneously announced a partnership with Apple to power satellite-based Emergency SOS services for iPhone and Apple Watch. Close is expected in 2027 pending FCC spectrum and antitrust approvals.
— CNBC · 23d ago