m&a: everyone on the record — The Minutes https://minutesof.com/on/m-a/ Everyone on the record about m&a: 14 verbatim quotes from 3 people, October 2010 to July 2026, in one chronology, each with a timestamp and a link to its… en Sun, 30 Aug 2026 22:33:04 +0000 David Friedberg: Friedberg predicts a wave of AI-native operators acquiring stale digital businesses that have https://minutesof.com/q/bded6996-5805-4025-ac81-d5f3dc6e1ad6/ https://minutesof.com/q/bded6996-5805-4025-ac81-d5f3dc6e1ad6/ “And when you take a look at those businesses as a modern day AI operator, you're like, what the hell?” — David Friedberg, All-In Podcast Sat, 18 Jul 2026 00:54:40 +0000 m&a David Friedberg: Friedberg predicts AI-native operators will target first-generation digital businesses that h https://minutesof.com/q/375ff96b-275b-4fb9-b42b-c46c8c092046/ https://minutesof.com/q/375ff96b-275b-4fb9-b42b-c46c8c092046/ “And when you take a look at those businesses as a modern day AI operator, you're like, what the hell? This thing is so underutilized.” — David Friedberg, All-In Podcast Sat, 18 Jul 2026 00:54:40 +0000 m&a Brad Gerstner: Gerstner suggests Apple should acquire AI capabilities given their $2 trillion market cap and c https://minutesof.com/q/7df9b330-da17-478a-bbf4-49b621827f37/ https://minutesof.com/q/7df9b330-da17-478a-bbf4-49b621827f37/ “What's your opinion on the build it versus buy it debate around Apple? I feel like for $2,025,000,000,000, they should just buy it, just given how much cash they have” — Brad Gerstner, CNBC Television Thu, 28 Aug 2025 17:35:29 +0000 m&a Bill Gurley: Gurley describes Meta's Scale AI acquisition structure: 49% stake for $15B at $30B valuation to a https://minutesof.com/q/0915bf55-0e5e-4785-9ef6-bc14134d0999/ https://minutesof.com/q/0915bf55-0e5e-4785-9ef6-bc14134d0999/ “Meta has done this interesting structured deal, they're buying 49% of the company, they're paying a $30,000,000,000 valuation so they're paying effectively 15,000,000,000, they're avoiding regulatory scrutiny, the CEO of scale is going to help lead efforts at Meta.” — Bill Gurley, BG2 Pod Fri, 20 Jun 2025 00:11:39 +0000 m&a Bill Gurley: Gurley explains liquidation preference mechanics where aggregate capital raised can claim majorit https://minutesof.com/q/753dda69-e3be-467a-bb08-d4a867713b32/ https://minutesof.com/q/753dda69-e3be-467a-bb08-d4a867713b32/ “And in M and A outcomes, the investor can choose to take the LIC preference and not convert to common so they can get their money back.” — Bill Gurley, Invest Like the Best Tue, 10 Jun 2025 08:00:00 +0000 m&a Brad Gerstner: Gerstner says M&A teams dormant for three years are back to work after ServiceNow's $3 billion https://minutesof.com/q/0e689960-0eff-4389-a225-24d8e5f781ca/ https://minutesof.com/q/0e689960-0eff-4389-a225-24d8e5f781ca/ “I can tell you every company has pulled their m and a teams off the beach. They haven't done anything for three years, and they're all back to work.” — Brad Gerstner, CNBC Television Wed, 12 Mar 2025 13:00:04 +0000 m&a David Friedberg: Friedberg sees massive M&A opportunity in genomics and gene editing as they fundamentally thr https://minutesof.com/q/093a521a-32e7-49b8-9d6c-450ccce888f2/ https://minutesof.com/q/093a521a-32e7-49b8-9d6c-450ccce888f2/ “I do think that there's gonna be some big opportunities for the next transformation in agriculture in multiplex precision gene editing, and in metagenomics in the soil microbiome, even in breakthroughs in biologics or other platforms that can discover the next set, or the next range of biologics.” — David Friedberg, Future of Agriculture Wed, 11 Sep 2024 02:49:00 +0000 m&a David Friedberg: Friedberg says traditional firms trying to run acquired tech companies typically ruin them th https://minutesof.com/q/af169106-87b7-4bf3-a6d5-e257b882d817/ https://minutesof.com/q/af169106-87b7-4bf3-a6d5-e257b882d817/ “And if they try and do that, then they step in and they try and run a tech company and the whole thing gets ruined and falls apart as we've seen in M and A over and over again in many different” — David Friedberg, CNBC Television Tue, 13 Jul 2021 17:05:56 +0000 m&a David Friedberg: Friedberg argues traditional financial firms face a catch-22 in M&A: autonomy loses cross-sel https://minutesof.com/q/61f7a1f1-4230-4855-8d91-588382341795/ https://minutesof.com/q/61f7a1f1-4230-4855-8d91-588382341795/ “And if they do that, they lose the leverage of their over their existing customer base, which is to cross sell digital services in.” — David Friedberg, CNBC Television Tue, 13 Jul 2021 17:05:56 +0000 m&a Bill Gurley: I think that creates, I think it should create a rather healthy M and A market, but I also think https://minutesof.com/q/39503d34-75bd-4036-935e-bc7aa258cce7/ https://minutesof.com/q/39503d34-75bd-4036-935e-bc7aa258cce7/ “I think that creates, I think it should create a rather healthy M and A market, but I also think it helps create opportunities because you know, you look at the Yelp and OpenTable integration with Apple, you know, if there were only one monolith and there weren't five, that probably doesn't happen.” — Bill Gurley, GigaOm Tue, 11 Dec 2012 18:06:49 +0000 m&a Bill Gurley: Gurley notes public mergers avoid the 10-15% escrow typical in private deals, adding financial ad https://minutesof.com/q/86e56cef-6f92-4fd9-86f7-d9c882bc06a9/ https://minutesof.com/q/86e56cef-6f92-4fd9-86f7-d9c882bc06a9/ “And most private ones have 10 to 15% escrow, so that's even another part of the price that doesn't you know, that's advantageous to the public.” — Bill Gurley, TechCrunch Fri, 01 Oct 2010 23:16:15 +0000 m&a Bill Gurley: Gurley notes public mergers avoid the 10-15% escrow typical of private acquisitions. https://minutesof.com/q/a46fd433-862f-48f4-a223-af0e65e90ea1/ https://minutesof.com/q/a46fd433-862f-48f4-a223-af0e65e90ea1/ “And one last thing most entrepreneurs probably don't know, when you do a public merger, there's no escrow.” — Bill Gurley, TechCrunch Fri, 01 Oct 2010 23:16:15 +0000 m&a Bill Gurley: Gurley points out that public mergers have no escrow while private ones typically hold 10 to 15 p https://minutesof.com/q/06d2c8b2-6989-4350-a64d-32ce5d2142f0/ https://minutesof.com/q/06d2c8b2-6989-4350-a64d-32ce5d2142f0/ “And one last thing most entrepreneurs probably don't know, when you do a public merger, there's no escrow. And most private ones have 10 to 15% escrow,” — Bill Gurley, TechCrunch Fri, 01 Oct 2010 23:16:15 +0000 m&a Bill Gurley: Gurley cites Data Domain and ArcSight as examples of IPO-then-acquisition premium strategy workin https://minutesof.com/q/0f369672-7f47-4108-9733-1dc1708e515c/ https://minutesof.com/q/0f369672-7f47-4108-9733-1dc1708e515c/ “Another interesting thing is with Data Domain and ArcSight and three part, you've seen companies go public, establish a valuation and then get an M and A premium on top of that.” — Bill Gurley, TechCrunch Fri, 01 Oct 2010 23:16:15 +0000 m&a