Media M&A Plunges 40% in 2025 as Trump Chaos Chills Dealmakers

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Executives may find it hard now to believe Trump 2.0 will spur a new wave of media, tech and Hollywood consolidation, but some remain hopeful for a turnaround

Trump puts on a chill on media acquisitions and mergers. (Getty Images/Christopher Smith for TheWrap)
Trump puts on a chill on media acquisitions and mergers. (Getty Images/Christopher Smith for TheWrap)

The re-election of Donald Trump with his regulatory-light approach to deal reviews left many in the media and entertainment industries hopeful for new opportunities for more mergers and acquisitions. But that Trump Bump in 2025 has remained elusive for those wishing for a wave of consolidation.

So far, M&A deals valued at $68.3 billion in technology, media and telecom have been announced in the U.S this year, according to data from Dealogic, a financial markets platform. That represents a 40% drop from the same time period last year, from the start of January to March 10, when more than $114 billion worth of deals took place.

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