This edition discusses various aspects of mergers and acquisitions (M\&A), with a particular focus on market trends and valuations in 2025. Several sources highlight a shift towards fewer but larger, more strategic deals, often driven by factors like AI, digital transformation, and geopolitical considerations. There is significant emphasis on accurate business valuation, with experts suggesting metrics beyond price-to-earnings and advocating for rigorous, data-driven analysis that considers factors like business quality, net revenue retention, and appropriate financial structuring. The importance of pre-deal planning and post-merger integration is a recurring theme, with many sources stressing the critical role of cultural alignment, effective HR involvement, and robust communication to ensure long-term success and prevent value erosion. Additionally, the texts touch on sector-specific M\&A activities, such as those in tech, healthcare, banking, and cannabis, and offer advice for founders and advisors on navigating the complex M\&A landscape.