Roblox acquires voice moderation startup Speechly
TechCrunch: M&A
SEPTEMBER 20, 2023
The Helsinki, Finland-based startup Speechly was founded in 2016 with the […]
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TechCrunch: M&A
SEPTEMBER 20, 2023
The Helsinki, Finland-based startup Speechly was founded in 2016 with the […]
JD Supra: Mergers
JULY 24, 2023
On 13 July 2023, the European Court of Justice (ECJ) gave judgment on the long-running litigation between CK Hutchison and the European Commission (EC), arising out of the EC’s 2016 decision to prohibit CK Hutchison (owner of UK mobile network operator (MNO) Three) from acquiring Telefónica’s O2, one of the three other UK MNOs.
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JD Supra: Mergers
JANUARY 16, 2025
Machinify, founded in 2016 and based in Palo Alto, California, is a provider of artificial intelligence (AI)-powered software focused on healthcare claims and payments. New Mountain Capital has announced it will acquire Machinify. By: McGuireWoods LLP
JD Supra: Mergers
AUGUST 6, 2024
million penalty against State Street Bank and Trust Company and its non-bank, fintech subsidiary Charles River Systems for 38 apparent violations of the Ukraine/Russia-Related Sanctions Regulations, which occurred between December 2016 and May 2020. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has released a $7.45
JD Supra: Mergers
AUGUST 3, 2023
By: K&L Gates LLP
JD Supra: Mergers
FEBRUARY 4, 2025
On January 22, the Institutional Limited Partners Association (ILPA) released an update to its 2016 Reporting Template and unveiled a new Performance Template. Together, the goal of these documents is to enhance and standardize fee and expense reporting and performance disclosure to private fund investors. By: Paul Hastings LLP
JD Supra: Mergers
JULY 5, 2023
On June 6, 2023, in a unanimous decision written by Justice Karen L. Valihura, the Delaware Supreme Court affirmed the Court of Chancery’s April 27, 2022, opinion in In re Tesla Motors, Inc. Stockholder Litigation. By: McGuireWoods LLP
Deal Lawyers
NOVEMBER 30, 2023
.; 11/23), in which it overturned the SDNY’s prior decision dismissing creditors’ claims seeking to recoup merger consideration paid to the company’s former director, officer & employee stockholders in connection with 2016 LBO. In so doing, the […]
How2Exit
JULY 22, 2024
Conner has a diverse background in traditional investments, having worked with various investment firms managing portfolios, trading, and offering wealth management services since 2016. His expertise lies in creating innovative solutions to bring off-market deals to clients, particularly in the small and medium business (SMB) space.
JD Supra: Mergers
DECEMBER 12, 2024
Introduction - Le 6 novembre 2024, lAlberta Securities Commission (l ASC ) a rendu une ordonnance qui tablit un prcdent important relativement lexamen des rgimes de droits des actionnaires dans le sillage des modifications apportes en 2016 au rgime canadien des offres publiques dachat.
Deal Lawyers
MARCH 19, 2024
This D&O Diary blog from Kevin LaCroix discusses an early March decision by the Eastern District of Virginia that a bump-up exclusion precluded D&O coverage for the $90 million paid by Towers Watson in settlement of claims relating to its January 2016 merger with Willis Group Holdings.
JD Supra: Mergers
APRIL 3, 2024
SunFire, founded in 2016 and based in Carlisle, Mass., KKR has acquired SunFireMatrix, according to a news release. is a software and services company providing solutions for the Medicare insurance market. By: McGuireWoods LLP
JD Supra: Mergers
MAY 31, 2023
billion, a low not seen since Q2 2016. There were 483 transactions in Q1 2023, up 13% on the previous quarter and remaining well above pre-pandemic levels. Value, however, continued to slump, falling by 31% quarter-on-quarter to US$22.2 By: White & Case LLP
TechCrunch: M&A
JULY 18, 2023
Loupedeck was founded in 2016 by former Nokia/Microsoft employees (hence Helsinki). Read into that what you will. The company launched a successful Indiegogo campaign that same year, for an Adobe Lightroom editing console that brought in $411,000 — nearly five times its initial goal.
PE Hub
JANUARY 24, 2024
Revela was created via the 2016 merger of Welcome Dairy and Gamay Food Ingredients. The post New Heritage exits dairy flavor ingredients provider Revela Foods appeared first on PE Hub.
Shearman & Sterling
MAY 9, 2016
On May 5, 2016, in In the Matter of Kenneth Cole Productions, Inc., 54, 2016 WL 2350133 (N.Y. May 5, 2016), the New York Court of Appeals adopted Delaware's standard of review of shareholder class actions challenging going-private mergers. Shareholder Litigation, No. Read More
JD Supra: Mergers
JULY 17, 2023
The amendments affect the Law of 2010 on UCIs, the Law of 2007 on SIFs, the Law of 2004 on SICARs, the Law of 2013 on AIFMs and the Law of 2016 on RAIFs. This new law aims to further increase the competitiveness of the Luxembourg fund centre. By: Hogan Lovells
Shearman & Sterling
OCTOBER 3, 2016
On September 27, 2016, the Third Circuit Court of Appeals reversed a District Court ruling and granted the preliminary restraining order sought by the Federal Trade Commission ("FTC") and the state of Pennsylvania to enjoin a merger of two state hospital systems pending administrative review by the FTC. 16-2365 (3d Cir.
Shearman & Sterling
MAY 9, 2016
On May 5, 2016, the New York Court of Appeals ruled that courts should apply the business judgment rule in shareholder lawsuits challenging going-private mergers, as long as shareholders were adequately protected—a decision that expressly follows the approach of the Delaware Supreme Court in its seminal case, Kahn et al. 3d 635 (Del.
Shearman & Sterling
JULY 11, 2016
On June 30, 2016, Vice Chancellor Tamika Montgomery-Reeves of the Delaware Court of Chancery dismissed a breach of fiduciary duty action brought by former shareholders of Volcano Corporation against the company's board of directors and financial advisor. CV 10485-VCMR, 2016 WL 3583704 (Del. June 30, 2016). June 30, 2016).
Shearman & Sterling
JUNE 20, 2016
June 14, 2016), ECF No. Order, Federal Trade Comm'n v. Advocate Health Care Network, No. 15 C 11473 (N.D. The Order held that the FTC failed to show a likelihood that it would succeed on the merits of its antitrust claims. Read More
JD Supra: Mergers
JULY 26, 2023
The Delaware Court of Chancery penned the latest chapter, on June 30, 2023, in a long-running dispute concerning TC Energy Corporation’s (“TransCanada”) July 2016 acquisition of Columbia Pipeline Group (“Columbia”), holding TransCanada liable for aiding and abetting breaches of fiduciary duty in Columbia’s sale process, and imposing damages upwards (..)
JD Supra: Mergers
JUNE 21, 2023
The Delaware Supreme Court recently affirmed the Delaware Court of Chancery’s 2022 post-trial decision that Tesla’s 2016 all-stock acquisition of SolarCity Corp. satisfied the entire fairness standard of review, and thus did not involve breaches of fiduciary duty. See In re Tesla Motors Stockholders’ Litigation, A.3d 6, 2023).
The New York Times: Mergers, Acquisitions and Dive
SEPTEMBER 12, 2023
Softbank’s chief executive, Masayoshi Son, believes the chip design company he bought in 2016 is poised to reap the fruits of the A.I. revolution.
Shearman & Sterling
OCTOBER 17, 2016
On October 12, 2016, Vice Chancellor Joseph R. Slights III of the Delaware Court of Chancery dismissed a putative shareholder class action alleging fiduciary breaches by the board of directors of OM Group, Inc. ("OM") arising from OM's cash-out merger with Apollo Global Management, LLC ("Apollo"). 11216-VCS (Del.
Shearman & Sterling
NOVEMBER 14, 2016
On November 10, 2016, Chancellor Andre Bouchard of the Delaware Chancery Court granted the appraisal petition of former stockholders in Farmers & Merchants Bancorp of Western Pennsylvania, Inc. ("F&M"), awarding a "fair value" of $91.90 another community bank in western Pennsylvania. Dunmire et al. 10589-CB (Del.
Shearman & Sterling
AUGUST 8, 2016
July 28, 2016). The Court applied the entire fairness standard to the merger because plaintiffs alleged that the Director Defendants usurped corporate opportunities and then caused Riverstone to enter into a merger with Greystar Real Estate Partners ("Greystar") to extinguish said claims (the "Usurpation Claims").
Shearman & Sterling
SEPTEMBER 6, 2016
On August 24, 2016, Chancellor Andre G. Bouchard of the Delaware Court of Chancery dismissed a shareholder action seeking post-merger damages for breach of fiduciary duty against the directors and officers of C&J Energy Services, Inc. August 24, 2016) ("C&J"). 25, 2016) ("Auspex"). Comstock Jr.,
Shearman & Sterling
MAY 9, 2016
On May 5, 2016, in In the Matter of Kenneth Cole Productions, Inc., 54, 2016 WL 2350133 (N.Y. May 5, 2016), the New York Court of Appeals adopted Delaware's standard of review of shareholder class actions challenging going-private mergers. Shareholder Litigation, No. Read More
How2Exit
NOVEMBER 27, 2023
With a background in accounting and finance, Michael has built his company through mergers and acquisitions, gaining valuable experience in the process. rn Summary: Michael Ly, CEO of Reconciled, shares his journey in the accounting industry and how he built his company through mergers and acquisitions.
The Guardian: Mergers & Acquisitions
SEPTEMBER 14, 2023
The company, owned privately by Japanese investor SoftBank since 2016, priced its shares at $51 each and sold 95.5m shares, raising $4.87bn for Softbank. Continue reading.
Shearman & Sterling
OCTOBER 3, 2016
On September 27, 2016, the Third Circuit Court of Appeals reversed a District Court ruling and granted the preliminary restraining order sought by the Federal Trade Commission ("FTC") and the state of Pennsylvania to enjoin a merger of two state hospital systems pending administrative review by the FTC. 16-2365 (3d Cir.
Shearman & Sterling
JULY 18, 2017
2016), the Court held the merger was "cleanse[d]" because "the disinterested stockholders of Diamond were fully informed and uncoerced when they overwhelmingly accepted the tender offer." § 251(h). Berkman, C.A. 12844-VCMR (Del. July 13, 2017). Relying on Corwin v. KKR Financial Holdings LLC, 125 A.3d
TechCrunch: M&A
JUNE 13, 2023
While Abe Yousef, Senior Insights Analyst didn’t specify exact figures, he said Monthly Active Users in May 2023 have fallen by 80% as compared to May 2016. Another analytics firm Sensor Tower suggested that Timehop has been downloaded only 720,000 times since 2020.
Shearman & Sterling
FEBRUARY 14, 2017
On February 9, 2017, the Supreme Court of the State of Delaware affirmed the dismissal of a breach of fiduciary duty action brought by former shareholders of Volcano Corporation in connection with the acquisition of Volcano in a two-step all-cash tender offer and merger pursuant to Delaware General Corporation Law Section 251(h). 3d 727 (Del.
Shearman & Sterling
MAY 9, 2016
On May 5, 2016, the New York Court of Appeals ruled that courts should apply the business judgment rule in shareholder lawsuits challenging going-private mergers, as long as shareholders were adequately protected—a decision that expressly follows the approach of the Delaware Supreme Court in its seminal case, Kahn et al. 3d 635 (Del.
Shearman & Sterling
JULY 11, 2016
On June 30, 2016, Vice Chancellor Tamika Montgomery-Reeves of the Delaware Court of Chancery dismissed a breach of fiduciary duty action brought by former shareholders of Volcano Corporation against the company's board of directors and financial advisor. CV 10485-VCMR, 2016 WL 3583704 (Del. June 30, 2016). June 30, 2016).
Shearman & Sterling
JUNE 20, 2016
June 14, 2016), ECF No. Order, Federal Trade Comm'n v. Advocate Health Care Network, No. 15 C 11473 (N.D. The Order held that the FTC failed to show a likelihood that it would succeed on the merits of its antitrust claims. Read More
Shearman & Sterling
OCTOBER 3, 2016
On September 28, 2016, Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery dismissed a shareholder challenge to the acquisition of Millennial Media, Inc. ("Millennial") by AOL Inc. ("AOL"). Barrett, C.A. 11511-VCG (Del.
Shearman & Sterling
JULY 4, 2016
On June 24, 2016, Vice Chancellor Sam Glasscock III of the Delaware Chancery Court issued a memorandum opinion denying a request by plaintiff The Williams Companies Inc. ("Williams") to enjoin defendant Energy Transfer Equity L.P. ("ETE") from terminating its merger agreement with Williams. June 24, 2016).
Shearman & Sterling
OCTOBER 17, 2016
On October 12, 2016, Vice Chancellor Joseph R. Slights III of the Delaware Court of Chancery dismissed a putative shareholder class action alleging fiduciary breaches by the board of directors of OM Group, Inc. ("OM") arising from OM's cash-out merger with Apollo Global Management, LLC ("Apollo"). 11216-VCS (Del.
Shearman & Sterling
NOVEMBER 14, 2016
On November 10, 2016, Chancellor Andre Bouchard of the Delaware Chancery Court granted the appraisal petition of former stockholders in Farmers & Merchants Bancorp of Western Pennsylvania, Inc. ("F&M"), awarding a "fair value" of $91.90 another community bank in western Pennsylvania. Dunmire et al. 10589-CB (Del.
Shearman & Sterling
AUGUST 8, 2016
July 28, 2016). The Court applied the entire fairness standard to the merger because plaintiffs alleged that the Director Defendants usurped corporate opportunities and then caused Riverstone to enter into a merger with Greystar Real Estate Partners ("Greystar") to extinguish said claims (the "Usurpation Claims").
Shearman & Sterling
SEPTEMBER 6, 2016
On August 24, 2016, Chancellor Andre G. Bouchard of the Delaware Court of Chancery dismissed a shareholder action seeking post-merger damages for breach of fiduciary duty against the directors and officers of C&J Energy Services, Inc. August 24, 2016) ("C&J"). 25, 2016) ("Auspex"). Comstock Jr.,
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