“M&A has been prevented by the FTC. That is going to change,” Wood said in an interview with Bloomberg Television. “So we are finally going to have price discovery as strategic buyers bid for these innovative companies. We’ll see how much they’re really worth.”
The election of Donald Trump will usher in a wave of private-company purchases that had previously been slowed by red tape, investor Cathie Wood said in an interview in which she also reiterated her ultra-bullish view on Bitcoin.
Wood, the founder of ARK Investment Management, said changes at the Federal Trade Commission will unlock latent merger-and-acquisition (M&A) demand and create “liquidity events” for venture capitalists.
