Why would we want to ever acquire a failing project? I've seen 0 forks that offer compelling roadmaps s.t. their treasury is worth acquiring at any premium.
In my mind, Olympus is not the IMF (International Monetary Fund), it's the US treasury. If other forks have failed to create a compelling roadmap for their protocols on certain chains, then Olympus should simply launch on those chains when the time is right, not bail them out (just as the US would not solo bail out a foreign country, but the IMF would).
Olympus as it stands needs to focus on building long-term entrenchment with real defi protocols, not copycat forks, so that it can build sustainable, non-circular sources of revenue a la Olympus Pro.
M&A always seems appealing, but its a classic failure mode of companies that are blindly chasing growth without understanding the fundamental supply & demand dynamics of their product. This is gone into in-depth in Good Strategy / Bad Strategy by Rummelt, but you can read the relevant quotes here https://mentalpivot.com/book-notes-good-strategy-bad-strategy-by-richard-p-rumelt/
“The problem with engineering growth by acquisition is that when you buy a company…you usually pay too much.”
“Healthy growth is not engineered. It is the outcome of growing demand for special capabilities or of expanded or extended capabilities. It is the outcome of a firm having superior products and skills. It is the reward for successful innovation, cleverness, efficiency, and creativity.”