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Donald Trump Presidency Could Make 2025 a ‘Breakout Year for M&A’ With Deregulation on the Table
Donald Trump's return to the White House next year could lead to a new wave of industry consolidation in the media and entertainment biz.
A key reason: Trump is widely expected to replace leaders at multiple U.S. regulatory agencies, including FTC chair Lina Khan and Jonathan Kanter, the Justice Department’s antitrust division chief, who have led the Biden administration’s charge in aggressively seeking to thwart major M&A activity and defang the power of large tech companies. “They’ve scared away deals.” Kovacic said he assumes Trump would take a more laissez-faire approach than the Biden White House, but added that “if you’re a company he hates, he’s not beyond revenge.” For large tech companies, Khan’s expected ouster from the FTC would “remove a major overhang” and “be a huge positive” for the sector, Wedbush Securities analyst Dan Ives wrote in a note Wednesday.
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