Merger and acquisition (M&A) research can benefit from methods incorporating networks, which consist of three or more interconnected actors, as analytical units. I highlight the significance of networks for future research. By conceptualizing business transactions within a network framework, a deeper understanding of how M&As are influenced by and influence other business transactions is possible, as is the role of social networks and capital for M&As. For example, it recognizes the importance of considering the reactions of others for performance outcomes and how social networks impact likelihoods for M&As. Adopting networks as analytical units in M&A studies uncovers new motives, integration challenges, and performance measures. Network effects exist across the M&A process, as power dynamics influence negotiations with suppliers or positioning an acquiring firm relative to its competitors. Integration also involves managing reactions that either enhance or hinder efficiency gains. Performance encompasses reactions and their effects.