Mega-M&A: Number of large deals to set record

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So far this year, 27 global M&A deals with a value greater than $10 billion have been announced, according to Dealogic. The combined volume of the deals is more than $700 billion.

This activity surpasses the 25 large M&A transactions with a volume greater than $600 billion at this same point in 2007, the previous megadeal record holder.

It certainly looks like blockbuster M&A activity may only pick up as companies rush to finance these transactions before the Federal Reserve raises interest rates as soon as this year. (A concern that only grew after the hot jobs report Friday caused Treasury yields to spike.)

This month, there were reports of a Dish, T-Mobile linkup and an Intel deal for Altera.

Here's how to play the year of the megadeal.