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Mergers and acquisitions (M&A) involving cities and municipalities have received little research attention. This is unfortunate because cities are fundamentally important in the global economy and their influence is likely to grow further. This chapter takes stock of extant research and offers an agenda for studying city M&A. The authors outline the dominant strategic perspective, and complement it with human and institutional perspectives that help explore these complex phenomena. Finally, the authors consider what the M&A literature at large can learn from studying cities.