Arbitrum DAO Explores Merger and Acquisition Division with Pilot Program
CryptoNewsTerminal Staff17 May, 2024
Arbitrum DAO Explores Merger and Acquisition Division with Pilot Program
Arbitrum DAO has approved a governance proposal to establish an eight-week pilot program for a Merger and Acquisition (M&A) division. The objective of this pilot program is to investigate the potential advantages and organizational structure for a dedicated M&A division within the Arbitrum ecosystem. Upon successful completion of the pilot program, a subsequent governance proposal will be presented to establish a permanent M&A division with a budget ranging from $100 million to $250 million. The proposal was overwhelmingly approved, receiving 99.89% of the vote at the time of its conclusion. The establishment of an M&A division within Arbitrum DAO signifies a proactive approach towards expanding the Arbitrum ecosystem and potentially acquiring promising projects and collaborations. This move aligns with the broader objective of fostering innovation and growth within the Arbitrum community.
