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Snap acquires Saturn, a social calendar app for high school and college students

TechCrunch: M&A

Founded in 2018, Saturn reimagines the calendaring experience by bringing in a social element. Topics Apps , Mergers and Acquisitions , Saturn , Snap , Snapchat Aisha Malik Consumer News Reporter Aisha is a consumer news reporter at TechCrunch. Prior to joining the publication in 2021, she was a telecom reporter at MobileSyrup.

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Cyber insurance startup Coalition acquires privacy assistant Jumbo

TechCrunch: M&A

In 2018, Jumbo raised a $3.5 Last year, Index Ventures also led a $17 million round in the company at a $77 million post-money valuation. In its most recent funding round , the company raised a $250 million Series F investment at a valuation of $5 billion. Coalition has raised hundreds of millions of dollars over the years.

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Socure acquires identity verification startup Berbix for $70M

TechCrunch: M&A

billion valuation during the heady fundraising days of late 2021 (and $100 million earlier in 2021), today announced that it has acquired identity verification service Berbix for $70 million in cash and stock transactions. Founded in 2018, Berbix focuses on verifying users’ identities by checking scanned IDs in real time.

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The Cooley Outlook for 2018 M&A

Cooley M&A

What’s on tap for 2018 M&A? One familiar technique used by sophisticated tech buyers is a holdback structure that subjects a portion of key employees’ merger consideration to revesting. See ABA Private Target Mergers & Acquisitions Deal Point Study for 2016-2017.

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Key Components and Trends of CVRs in Life Sciences Public M&A Deals

The Harvard Law School Forum

In recent months, the life sciences industry has seen the reemergence of contingent value rights, or CVRs, in public company acquisitions as a way to bridge a valuation gap between buyers and sellers. Executive Summary This study addresses CVRs, the public M&A analog to the earnout used in private deals, which can be price-driven (e.g.,

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MAEjor Ruling: Delaware Court of Chancery Finds Target Suffers Material Adverse Effect and Acquirer Could Back Out of Transaction

Cooley M&A

M&A practitioners have long advised boards of directors that the Delaware courts have never found that the events or circumstances in a particular transaction met the contractual standard of having a material adverse effect (or MAE) as defined in a merger or acquisition agreement. 2018-0300-JTL (Del. The Merger Agreement.

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Physician Practice Acquisitions: A Primer on Hospital & Private Equity Consolidation

InvestmentBank.com

For the better part of the last decade, physician practices have seen a wave of consolidation by hospitals and private equity with 2018 being no exception [1]. toped 5,000 from 2015 to 2016 alone [22] , with the total number of hospital owned physician practices increasing to 80,000 by 2018 [15]. of GDP or $2.5