FTX's Sam Bankman-Fried says no M&A talks with Robinhood — Transcript
Full transcript
- 0:00yeah mike so we got a statement in from
- 0:01sam bakeman free not exactly denying the
- 0:03report that they're discussing
- 0:05internally about buying robin hood but
- 0:08he is denying that they're talking
- 0:09directly with robin hood so let me just
- 0:11read the statement off to you we are
- 0:13excited about robin hood's business
- 0:15prospects and potential ways we could
- 0:16partner with them and i have always been
- 0:18impressed by the business that vlad
- 0:20that's the ceo and his team have built
- 0:22that being said there are no active m a
- 0:25conversations with robin hood so very
- 0:27clear there that they're not talking
- 0:28directly to robin hood about buying the
- 0:30company but not exactly denying that
- 0:32they're speaking internally about it
- 0:33mike
- 0:34or trying to find a way perhaps uh as a
- 0:36shareholder of course as we know uh of
- 0:39robin hood and uh as we discussed in the
- 0:41in the last interview there with devon
- 0:42ryan there is management has some voting
- 0:44controls out here it can't just uh you
- 0:47can't just sort of make uh an offer and
- 0:48expect it to go uh steve thanks a lot
- 0:50appreciate the update
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