Cross-border Mergers and Acquisitions (M&As) have become the dominant mode of growth for enterprises seeking competitive advantage in an increasingly complex and global business economy. The questions cross-border M&As raise and the reactions they elicit are not new, but they are clearly growing in importance with the rise in foreign takeovers. The emergence of multinational enterprises from developing countries has also added a new dimension. It is often pointed out that cross-border capital reallocation is partly the result of financial liberalization policies and regional agreements. The aim of this paper is to contribute knowledge on the issues of cross-border mergers and acquisitions more objective perspective on selected aspects determined the development of cross-border mergers and acquisitions in selected countries of the European area and Turkey.