Mergers and acquisitions are still active, but the logic behind them is evolving. In this episode, we are joined by Dan Hickey to explore how the next decade of deals will be less about financial engineering and scale, and more about building position, influence, and ecosystem advantage. They unpack the rise of modular “string of pearls” acquisitions, cross-industry convergence, the growing role of data and AI in deal strategy, and how leaders should rethink both buying and selling in a more volatile environment.