The hottest M&A Substack posts right now

And their main takeaways
Category
Top Science Topics

Coming soonish

The War Room • 117 implied HN points • 29 Sep 23
💼 Business M&A
  1. The author is launching a new show/newsletter called Deal Flow focusing on M&A and other topics.
  2. There is a possibility of a second season of the Future of Tech.
  3. The author plans to resume regular content creation.

Clouded Judgement 12.26.25 - Exuberance Returning

Clouded Judgement • 7 implied HN points • 26 Dec 25
💰 Finance M&A
  1. A broad wave of exuberance looks likely in 2026 as improving macro conditions and AI-driven IPOs and M&A restore liquidity, driving faster fundraising and rising valuations across stages.
  2. AI is moving from experiment to scale, with more application companies showing measurable revenue growth and real ROI across verticals rather than just infrastructure wins.
  3. The comeback will feel frothy and sometimes irrational, but those periods also create rare long-term investment opportunities, so investors need to separate short-term momentum from structurally important businesses.

Acquirers won't bail you out.

99% Derisible • 58 implied HN points • 05 Apr 23
💼 Business M&A
  1. Bigger companies won't save struggling startups through acquisitions.
  2. Instead of being bailed out, struggling companies may face closure from the big acquirers.
  3. Startups should not rely on the hope of acquisition but have hard conversations early on.

The Journey of Glovo: Founder Sacha Michaud

The Healthtech Initiative • 1 implied HN point • 01 Feb 26
💼 Business M&A
  1. They tested an unscalable MVP and deliberately kept non-food categories even while losing money, which proved the "anything in your city" idea and let them pivot quickly to groceries during COVID.
  2. They expanded with small, scrappy launch teams who built local operations from the ground up, and those boots-on-the-ground employees became the strongest leaders because they had real skin in the game.
  3. They prioritized market leadership and capital efficiency, exiting losing markets and using logistics data to only enter cities and verticals they could serve under their 30-minute promise, a focus that helped drive their €2.3B acquisition.

Happy holidays from Boutique Biotech!

Boutique Biotech • 19 implied HN points • 26 Dec 23
🔬 Science M&A
  1. Bristol Myers Squibb acquired Karuna Therapeutics for $14B, expanding their pipeline.
  2. Karuna's lead asset is currently under FDA review with a PDUFA date set for Sept. 26, 2024.
  3. The post is exclusive for paid subscribers of Boutique Biotech.
Get a weekly roundup of the best Substack posts, by hacker news affinity:

4 Key Trends Emerging from ITC

Equal Ventures • 19 implied HN points • 03 Oct 22
💼 Business M&A
  1. Insurance startups are exploring opportunities beyond traditional insurance, including tech-enabled solutions and business development pathways.
  2. After a decline in valuation multiples, the interest in mergers and acquisitions (M&A) within the insurance industry is resurging.
  3. Focusing on climate risk is becoming a key priority for insurers, leading to changes in underwriting approaches and investment in climate-related initiatives.

75 African fintechs raised ~$1.2B in risk capital in H1 2023

Afridigest • 31 implied HN points • 19 Aug 23
💰 Finance M&A
  1. 75 African fintechs raised ~$1.2B in risk capital in H1 2023.
  2. Equity funding for African fintechs fell ~40% from last year, but debt funding increased over 80%.
  3. Banking/Lending vertical led the way in funding, with $0.66 of every dollar of equity raised and $0.96 of every dollar of debt raised in H1.

[P] TGNA: Deregulatory M&A

Nongaap Investing • 2 implied HN points • 15 Aug 25
💼 Business M&A
  1. Understanding mergers and acquisitions (M&A) can give insights into how companies are governed. Governance signals help us see what businesses might do in the future.
  2. Deregulation can influence M&A activities, making it easier for companies to grow and merge. When regulations are less strict, companies may take more bold steps.
  3. This information is shared with subscribers who want a deeper look into investments. Being a paid member can provide access to detailed analysis and discussions.

[P] OLO: Exploring Potential Sale?

Nongaap Investing • 2 implied HN points • 01 Jun 25
💼 Business M&A
  1. OLO might be considering selling itself, which can affect its future. It's important to pay attention to these potential changes.
  2. Rumors about mergers and acquisitions are often common in the business world. Keeping track of these can give insights into the company's direction.
  3. Investing in companies that might be involved in sales or mergers can be risky but potentially rewarding. Always do your research before making any decisions.

Are we in the early innings of an AI M&A spree?

Entry Level Investing • 16 implied HN points • 13 Jul 23
💼 Business M&A
  1. Recent high-profile AI acquisitions suggest a growing trend in M&A activity in the AI space.
  2. Large horizontal technology platforms are likely to be key players in acquiring AI startups due to their access to cash and existing distribution advantages.
  3. Companies like Apple, Amazon, Salesforce, Oracle, Adobe, and Snowflake are potential contenders for making significant AI acquisitions in the coming months.

Acquisition Advice: Big deal or good deal?

Musings on Markets • 0 implied HN points • 05 Dec 12
💼 Business M&A
  1. Investment bankers often have conflicting roles when advising on mergers and acquisitions. They might benefit more from just completing deals rather than giving the best advice, leading to poor outcomes.
  2. Meticulous vetting of deals is essential, especially big ones. Bigger deals tend to get less effective advice, which can be harmful to the companies involved.
  3. The way bankers are paid needs to change. If their fees were tied to the success of the deals over time, they might give better advice and help their clients avoid bad acquisitions.

✅ Monday briefing: Agency M&A, AI and jobs, new jobs for old, journalism disrupted, plagiarism machines, copyright and AI, CMA investigates AI, and more...

Wadds Inc. newsletter • 0 implied HN points • 15 May 23
💼 Business M&A
  1. The UK economy is facing challenges like rising interest rates and inflation, slowing growth and investment decisions. It's important for agency managers to focus on the basics and be ready for future opportunities.
  2. Artificial intelligence is expected to impact many jobs, but it will also create new ones. AI could help global productivity and GDP but requires adaptation from the workforce.
  3. The use of AI in journalism and creative fields is causing concerns about quality and originality. There's an ongoing debate about copyright ownership when AI generates content.

Breaking News! AsiaInfo Security Becomes Controlling Shareholder of AsiaInfo Technology.

CyberSecurityMew • 0 implied HN points • 18 Jan 24
💼 Business M&A
  1. AsiaInfo Security acquired a controlling stake in AsiaInfo Technology through asset restructuring.
  2. AsiaInfo Technology is a prominent provider of software products and services in China, specializing in telecom software.
  3. AsiaInfo Security is a significant player in China's network security software industry and has key technological advantages in various security areas.