Einhorn's Big Black Knight Bet Is Set to Pay Off

The video discusses David Einhorn's successful investment in Intercontinental Exchange's acquisition of Black Knight, highlighting his confidence in the deal despite market skepticism. It also covers the challenges faced by merger ARB funds, particularly due to regulatory hurdles from bodies like the FTC and CMA. The video emphasizes Einhorn's strategic patience and his history of successful event-driven investments, including his involvement with Twitter's buyout.

What is the broader context mentioned regarding regulatory bodies affecting merger deals?

What does the text suggest about the patience required in merger arbitrage?