đąGood news! Odaily Planet Daily reported that Arbitrum DAO recently approved an eight-week M&A pilot program proposed by Bernard Schmid, founding partner of Areta. đđ
Areta is a company that provides investment banking services to crypto companies. The approval of this plan lays the foundation for Arbitrum DAO to learn from the strategies of large technology companies. It is understood that Arbitrum DAO has $3 billion in funds. They wrote in the proposal: "The pilot phase should serve as a platform for in-depth discussions based on data, not opinions." đ§
If the pilot is successful, Schmid plans to propose a more ambitious proposal: to establish an M&A department with a pool of $100 million to $250 million, and to identify and acquire potential targets within two years. đ
While large technology companies have long used mergers and acquisitions to drive their rapid growth, this is relatively rare in the crypto field. This news undoubtedly brings new possibilities and opportunities to the blockchain industry! đđ
