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The Department of Justice is planning on filing an antitrust lawsuit to halt two massive healthcare mergers, Bloomberg reports. The move could halt Aetna's $37 billion merger with Humana and Anthem's $48 billion takeover of Cigna.

If the deals go through, they would reduce the largest health insurance companies from five competitors to three, leading to concerns over stifled competition and harm to consumers. If the DOJ successfully blocks the deals, it could signal a further shift away from the merger mania that's spread throughout large corporate firms in recent years.

If you haven't heard yet, Microsoft announced this morning that it was buying LinkedIn for more than $26 billion. The all-cash deal will see Microsoft paying $196 a share, a 50 percent premium on LinkedIn's stock, in order to gobble up the internet's premiere resume-sharing social network.

But why would LinkedIn, a company that's often touted its independence and agility, sell itself to the 90's behemoth from Redmond? Here's why.

Bank of America cannot claim attorney-client privilege for legal documents shared between it and Countrywide during their 2008 merger, New York's highest court ruled yesterday. The documents were passed between each company's lawyers during merger discussions, but before the union had been completed. The bank may now be compelled to release those legal communications, made at the height of the subprime mortgage crisis and ensuing Great Recession.

The ruling is a blow to Bank of America, which had sought to protect the documents, which may reveal to what extent Countrywide considered its liability for fraud connected to its mortgage-backed loans.

Bayer, the German drug giant, has put forward an offer to buy Monsanto, the St. Louis-based purveyor of genetically modified crops, for $62 billion -- in cash. The offer, which came without solicitation by Monsanto, would be the largest all-cash takeover ever, according to Reuters.

But, it's far from a sure thing, with investors in both companies reacting unenthusiastically.

American businesses are undergoing a major consolidation period as mergers and acquisitions continue to fuel business growth. 2015 was the biggest year ever for mergers and acquisitions, with $4.7 trillion in mergers and acquisitions, according to Thomson Reuters. And the trend doesn't show signs of reversing anytime soon.

Mergers and acquisitions put in-house attorneys in a unique position. They're deal makers, negotiators, and compliance experts -- yet they might also need to polish up their resumes, should legal departments be consolidated. Here's what in-house counsel need to know about dealing with mergers and acquisitions.

As soon as this week, Time Warner Cable could finally find the buyer it's spent years searching for, should federal regulators approve the $67.1 billion deal. But Time Warner isn't the only big name looking to be bought up these days.

From insurance, to retail, to railroads, companies are pursuing mergers left and right. Here are five that we've got our eye on.

If you don't already work for a corporate Goliath, you may soon. From health care to tech to hospitality, corporate mergers and acquisitions are skyrocketing. They'll soon outpace the $4.6 trillion record set in 2007, the Los Angeles Times reports.

But when two companies merge, what happens to their in-house attorneys?

Merger of Viagra Maker and Allergan Could Be Biggest of 2015

Share prices of Allergan exploded out of the opening bell and topped out with an almost 8 percent gain over the stock's closing. It's been a good several trading days for the Ireland-based pharmaceutical company.

The lastest jump in prices has been attributed to "preliminary friendly discussions" regarding Pfizer's proposed takeover of Allergan. If the deal goes through, it stands poised to be largest takeover deal of 2015.

Shortly after its planned merger with Comcast fell through, Time Warner Cable may soon be purchased by Charter Communications for $55 billion dollars. After a messy break up, that's quite the rebound for the cable and broadband company.

The merger between the two companies is spurred largely by Charter's desire to expand its broadband holdings, according to The New York Times. As consumers move away from traditional cable to online streaming services such as Hulu and Netflix, Internet provision has become one of the most important parts of many cable packages. Though the merged company would be smaller than proposed Comcast-TWC deal, it could raise similar concerns.

Comcast-Time Warner Merger Slightly More Doubtful

The merger between Comcast and Time Warner may have hit some rocky shoals, The New York Times and other outlets have been reporting all weekend. Sources inside the Justice Department, which has the final say over whether merger would go through, are skeptical of the deal because it would give the new company "just under 30 percent of the country's pay television subscribers" and "an estimated 35 to 50 percent of the nation's broadband Internet service," according to the Times.

That's got regulators concerned, despite Comcast's protestations that the deal is really in consumers' best interest.