This market will resolve to "Yes" if it is officially announced that Monte dei Paschi di Siena (MPS) will be, has been, or is being acquired by or merged with Intesa Sanpaolo, or vice versa, by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No". A qualifying merger or acquisition must encompass both MPS and Intesa Sanpaolo and must not be restricted to only the subsidiaries of either company. An announcement by MPS or Intesa Sanpaolo within this market's timeframe will qualify for a "Yes" resolution, regardless of whether or when the announced acquisition/merger actually occurs. A bid or offer announcement without the indication of a settled agreement will not qualify. Announcements of partial sales may count, as long as the acquiring company announces the acquisition of a controlling interest in the other company. A “controlling interest” refers to a change in ownership sufficient to control the company’s strategic decisions (typically more than 50% of equity, or equivalent control via voting and governance rights). Transactions or investments that do not result in a transfer of controlling interest will not count. The primary resolution source for this market will be official information from MPS and Intesa Sanpaolo; however, a consensus of credible reporting may also be used.