The world is going through the biggest wave of mergers and acquisitions ever witnessed.

世界正在经历一场前所未有巨大浪潮。

Business partners. Mergers and acquisitions. I'm kidding. We're gay.

生意伙" 伴" 。做。开玩笑啦。我们是同志。

A musical merger could create anew model, or a dozy mammoth.

唱片行业案可能会催生一种新商业模式，亦或者是一个行动迟缓" 庞然大物" 。

Other media companies considering mergers like Disney and 21st Century Fox are watching carefully.

考虑到迪士尼和21世纪福克斯等公司，其他媒体公司也在密切关注。

You both have been involved in...You made some really important acquisitions along the way.

你们都参与了… … 一路来你做了一些非常重。

In the U.S. mergers and acquisitions need to be approved by the government agencies.

在美国，需得到政府机构批准。

But they will find it hard to stop a deal.

但是他们会发现，终止非常困难。

But in a business of thin margins, scale is starting to count.

但是在当今各行业利润微薄情况下，浪潮逐渐扩大。

Texas Air is also trying to buy Eastern Airlines.

德克萨斯航空也在试图东方航空公司。

So as we noted, the merger was approved by the boards of the companies yesterday.

我们刚才提到，昨天两家公司董事会已经通过了这笔交易。

So that is the difference between mergers and acquisitions, in a nutshell.

总而言之，这就是与收区别。

I have a one-day layover on my way to Toronto. Corporate merger.

我本来去多伦多 但我得在这滞留一天 企业。

So once again, Tesla shareholders approving that Solar City merger by 85% overwhelmingly.

85% 特斯拉股东，以压倒性优势投票通过太阳城公司。

He certainty counts it as a success because he had been pushing forward this merger.

他自然把这当成是一次胜利，因为他是这次案主推手。

Seats are always at risk during a takeover.

这种席位在时候难免风险重重。

American policy-makers have presided over a wave of mergers in the past few years.

过去几年里，美国政策制定者主导了一轮浪潮。

Ms Warren intends to appoint regulators " committed to reversing illegal and anticompetitive tech mergers" .

沃伦打算任命监管机构“致力于扭转非法和反竞争科技”。

The gaming industry was already seeing plenty of merger activity.

游戏行业已经出现了大量动作。

However, shares in both companies surged, suggesting that investors believe a merger could still take place.

然而，两家公司股价均出现上涨，表明投资者相信仍然会发生。

Wall Street was hoping that 2025 was going to be the year for mergers and acquisitions.

华尔街原本希望 2025 年会成为交易丰收年。