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Upgrade acquires travel-focused BNPL startup Uplift for a song

TechCrunch: M&A

Uplift was founded in 2014 by Brian Barth, who previously sold his travel startup SideStep to Kayak for $200 million. Meanwhile, publicly traded BNPL companies like Affirm and Australia’s Zip have seen their share prices plummet; Affirm was recently forced to shut down its crypto unit and lay off 19% of its staff.

Finance 245
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Transfer Traps: Considerations for Dual-Class Companies Contemplating M&A Transactions

Cooley M&A

In addition, currently public dual-class companies with transfer provisions that do not contain clear carve outs for the delivery of voting agreements in the M&A context should discuss with their advisers the possibility of adopting “clear day” amendments to their charters to include these carve outs. Vote-down termination fee (i.e.,

M&A 59
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Investing Principles: Lessons Learned from 20 Years of Wins, Losses, and Strikeouts

Mergers and Inquisitions

Main Quests and Side Quests: Always focus on your main story quest, i.e., your portfolio of liquid, publicly traded assets, and ignore or deprioritize the side quests, such as becoming a mini-VC or investing in real estate. Market Timing: Almost every expert will tell you its impossible to time the market, but I partially disagree.