SaaStr: 'No' in M&A Usually Means 'No Forever' — Time Kills Deals in the AI Land-Grab
SaaStr·low signal
Riffing on OpenAI's acquisition of TBPN, SaaStr argues that in fast-moving M&A a declined first approach rarely reopens — momentum and timing dominate. For builders watching consolidation, the takeaway is that the current wave of AI-native acquihires and tuck-ins is a narrow window; targets that pass now may not get a second offer as buyers move on.