The FTC's aggressive enforcement approach makes it unclear whether 2025 will see traditional M&A, and companies may instead pursue IP transactions rather than asset acquisitions.

forecastpending

Speaker

Ben Horowitz

Evidence Quote

FTC position isn't clear yet and they've been very aggressive... M&A may happen more as IP transactions rather than traditional M&A.

Source

Ben Horowitz and David Solomon: The Sweetest Macro Spot in 40 Yearsa16z
Created: 8/12/2026, 10:05:59 PM

My Notes

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