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Take it and keep looking. With everything going on, I don’t think anyone would fault you for not wanting to be entangled in a merger environment. However, you might find a haven on your team away from any drama and like it. Go with an open mind either way.
How long can you afford not working?
Take the job and keep looking. You honestly don’t even have to put it on your resume or LinkedIn.
Take it for the paycheck but keep looking and don't be afraid to run.
As someone who is actively hiring for a large practice, there are a lot of very qualified people available for hire. In typical times, I’d say waiting it out based upon how long you can stay unemployed could be an approach, but these are not regular times. People out of work are aggressively looking and people at the merged companies are also aggressively looking. There are only so many spots avail as the industry shrinks.
You’ll get paid! Rebuild the emergency fund