AT&T and TPG Capital decided to create a new entity to run AT&T’s video business in the U.S.; Irish drug developer ICON plc bought PRA Health Services for $12 billion; and ReNew, an Indian energy producer, is going public with a SPAC that is expected to have a pro forma enterprise value of $8 billion.

Oh, and M&A had its highest-valued February since financial data company Refinitiv started keeping records in the 1970s.