Citigroup M&A Co-Head: AI Is Driving Deal Surge and Transforming the Merger Process
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@skaddenarps
Not artisan, but a perfectly fine bagel. Hits the spot.
Summary
Drago Rajkovic, Citigroup's co-head of M&A, discusses how AI is driving a surge in mergers and acquisitions in 2024. Beyond the billions flowing into AI developers, the technology's disruptive potential is creating deal rationale across sectors far removed from tech, including industrials, healthcare, and energy. AI is also fundamentally changing the M&A process itself—from how companies prepare for sale to how due diligence and integration are conducted. Economic and political factors remain major drivers, but AI's transformative impact on both deal strategy and execution is reshaping the M&A landscape.
Key quotes
· 3 pulledEconomic and political factors are major drivers of the uptick in mergers this year, says Drago Rajkovic, Citigroup's co-head of M&A. But it's also hard to underestimate the effect of artificial intelligence (AI), as the impact of the billions of dollars flowing into AI developers spreads across the economy.
The disruptive potential of the technology is being felt not just in software, but in sectors far removed from tech, where the impact of AI is providing a rationale for deals.
AI is also reshaping the merger process, from how companies prepare for a sale to how a
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