The M&A market is breaking records for the surge in dollar value of announced transactions through May 2014. Among industry sectors, the Digital Media & Communications sector has been the most active globally with several widely publicized announced transactions including Comcast’s acquisition of Time Warner Cable, AT&T’s acquisition of DirecTV and Facebook’s acquisition of WhatsApp. The most recent addition to this growing list, announced last week, is Apple’s acquisition of Beats Electronics for $3 billion, Apple’s largest ever acquisition.