Mon.Jul 03, 2023

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Tiny acquires HappyFunCorp, the prolific firm that’s built apps for Twitter, Amazon and more, for $30M

TechCrunch: M&A

M&A and consolidation continue to be major themes in the tech world as companies look for their next steps in a tight market. That’s a trend impacting not just startups and larger tech companies, but the firms that work closely with them. In the latest development, HappyFunCorp — a product engineering house that designs and builds apps and more for the likes of Apple, Disney, Amazon and Twitter — is getting acquired by Canadian firm Tiny for $30 million.

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FTC and DOJ Propose Significant, Burdensome Changes to HSR Form for U.S. Merger Review

JD Supra: Mergers

On June 27, 2023, the FTC announced a notice of proposed amendments to the premerger filing requirements under the Hart-Scott-Rodino (HSR) Act.

Mergers 195
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Sam Turner Discusses His Transition from the Corporate World to Entrepreneurship Through Acquisition

How2Exit

b' Sam Turner Discusses His Transition from the Corporate World to Entrepreneurship Through Acquisition - Watch Here rn rn Here is what my team and I learned from this interview: (These are notes from team members, writers, sometimes AI, and even listeners who submitted what i learned loosely edited and shared here) - If it seems a bit unrefined, you're reading our notes, so. yeah.

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FTC and DOJ Propose Overhaul of U.S. Merger Review Process

JD Supra: Mergers

Earlier this week, the Federal Trade Commission (“FTC”) issued a Notice of Proposed Rulemaking for a major overhaul of the U.S. merger control reporting process. Among other things, the FTC’s proposed changes would require parties to a proposed transaction to submit many more documents, along with narrative submissions that would bring the U.S. process closer to the relatively more onerous requirement of European and Asian merger control regimes.

Mergers 182
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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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12 Concepts We Can Learn About Selling Right on How2Exit's Interview W/ Kirk Michie

How2Exit

12 Concepts We Can Learn About Selling Right on How2Exit's Interview W/ Kirk Michie - Watch Here Here is what my team and I learned from this interview: (These are notes from team members, writers, sometimes AI, and even listeners who submitted what i learned loosely edited and shared here) - If it seems a bit unrefined, you're reading our notes, so. yeah.

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Morocco Competition Council Announces Merger Control Amendments

JD Supra: Mergers

Morocco has enacted amendments to its competition law that will have significant impacts on its merger control regime. The amendments include increasing the minimum turnover thresholds for merger control filings, introducing a simplified filing form for no-issue transactions, and requiring a filing fee, with an optional expedited process for an additional fee.

Mergers 162

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You're gonna need a bigger boat: Stormy waters ahead as the FTC proposes far-reaching changes to HSR Form

JD Supra: Mergers

If the proposed rule is finalized, merging parties will face expansive requirements for HSR filings and lengthy filing preparation times. On June 27, 2023, the US Federal Trade Commission ("FTC"), with the concurrence of the Antitrust Division of the US Department of Justice, issued a Notice of Proposed Rulemaking ("Proposed Rules") to amend the Hart-Scott-Rodino ("HSR") Form and Instructions.

Trading 162
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Japan’s top lenders in fresh drive to win US investment banking deals

Global Banking & Finance

Japan’s top lenders in fresh drive to win US investment banking deals By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) -Japan’s top lenders aim to carve out a larger presence in U.S investment banking as they look to make better use of their massive balance sheets by winning a bigger slice of deals, executives say.

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Avantage concurrentiel par Blakes : mise à jour de juin 2023

JD Supra: Mergers

Welcome to the June issue of Blakes Competitive Edge, a monthly publication of the Blakes Competition, Antitrust & Foreign Investment group. Blakes Competitive Edge provides an overview of recent developments in Canadian competition law, including updates on enforcement activity by the Canadian Competition Bureau (Bureau), recent initiatives and key trends.

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UBS goes on hiring spree for wealth managers catering to rich Americans

Global Banking & Finance

UBS goes on hiring spree for wealth managers catering to rich Americans By Tatiana Bautzer NEW YORK (Reuters) -UBS has gone on a U.S. recruiting drive for wealth managers catering to rich Americans even as it considers culling 30% of its combined global workforce after the takeover of Credit Suisse.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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HSR Act Update – Dramatic Proposed ?Changes to ?HSR Filing Preparation and Review Process Will ?Impact Deal Timing and Expense

JD Supra: Mergers

On June 27, 2023, the Federal Trade Commission (“FTC”), with the collaboration and concurrence of the Department of Justice’s Antitrust Division, issued a Notice of Proposed Rulemaking proposing dramatic amendments to the premerger notification rules that implement the Hart-Scott-Rodino Antitrust Improvements Act (the “HSR Act”), the Premerger Notification Report Form and the instructions thereto and a sweeping redesign of the premerger notification process.

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Sainsbury’s says UK food inflation falling as sales rise

Global Banking & Finance

Sainsbury’s says UK food inflation falling as sales rise By James Davey LONDON (Reuters) -Sainsbury’s, Britain’s second largest supermarket group, said on Tuesday food inflation was starting to fall as a return to volume growth helped power a 9.8% rise in quarterly underlying sales.

Food 122
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New HSR Form Will Transform the US Merger Review Process

JD Supra: Mergers

The Federal Trade Commission (FTC) has proposed sweeping new Hart­-Scott-Rodino Act (HSR) rules along with a new proposed HSR form that would completely change the HSR process. The proposed form—which the FTC prepared in consultation with the Antitrust Division of the US Department of Justice (DOJ)—will require parties to provide substantially more information and documents than they do currently.

Mergers 130
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World stocks rally, Nikkei closes at 33-year peak

Global Banking & Finance

World stocks rally, Nikkei closes at 33-year peak By Dhara Ranasinghe LONDON (Reuters) -World stocks rose to a two-week peak on Monday, with Japan’s Nikkei closing at its highest level in 33 years, drawing support from signs that cooling inflation might temper central banks’ appetite to further hike rates. European shares rallied and U.S.

Stock 122
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Enhance Customer Value: Unleash Your Data’s Potential

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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FTC Announces Major Overhaul of HSR Merger Reporting Obligations

JD Supra: Mergers

Near the end of last year, Congress passed the Merger Filing Fee Modernization Act, which raised the filing fees imposed under the Hart-Scott-Rodino Act (HSR Act) for the first time since the year 2000. The Federal Trade Commission, which together with the Antitrust Division of the Department of Justice enforces the HSR Act, began to collect the higher fees in filings made on February 27 of this year and after.

Mergers 130
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Amazon rolls out first European Rivian vans in Germany

Global Banking & Finance

Amazon rolls out first European Rivian vans in Germany By Nick Carey (Reuters) – E-commerce giant Amazon will deploy its first European vans from U.S. electric vehicle (EV) maker Rivian in Germany over the coming weeks as part of long-term plans to electrify its transportation network, it said on Tuesday.

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Material Adverse Change (MAC) Clauses in M&A Transactions

JD Supra: Mergers

A material adverse change (MAC) is a common term in merger and acquisition agreements. The term describes a change or event that, if realized, could have a material negative impact on the parties to the transaction (mainly on the acquiree company). MAC clauses stipulate which events entitle the buyer to cancel the transaction, provided they materialized between the agreement’s signing date and the transaction’s consummation.

M&A 130
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Arrival, Nikola signal more pain for EV startups

Global Banking & Finance

Arrival, Nikola signal more pain for EV startups (Reuters) -Arrival SA will terminate plans to merge with a blank-check firm and Nikola Corp will offload its newly acquired battery unit, the companies said on Monday, amplifying concerns over the struggles electric vehicle (EV) startups face in building scale.

Shares 122
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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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U.S. antitrust agencies propose major changes to pre-merger review process

JD Supra: Mergers

On June 27, 2023 the Federal Trade Commission, with the concurrence of the Antitrust Division of the Department of Justice, (together, the “Agencies”) announced proposed amendments to the premerger notification rules that implement the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (as amended, the “HSR Act”).

Mergers 130
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Twitter says users must be verified to access TweetDeck

Global Banking & Finance

Twitter says users must be verified to access TweetDeck By Sheila Dang (Reuters) -Twitter users will soon need to be verified in order to use TweetDeck, the social media company said in a tweet on Monday. The change will take effect in 30 days, the company said.

Media 122
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Antitrust in focus - June 2023

JD Supra: Mergers

This newsletter is a summary of the antitrust developments we think are most interesting to your business. Francesca Miotto, partner based in Brussels, is our editor this month (learn more about Francesca in our Q&A feature at the end of the newsletter). She has selected.

Business 130
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Cinepolis exec seen as CEO candidate for Cineworld – Sky News

Global Banking & Finance

Cinepolis exec seen as CEO candidate for Cineworld – Sky News (Reuters) – Cineworld Group is looking at Eduardo Acuna, who runs the Americas operations of Mexico’s Cinepolis, as a potential candidate to take the helm at the embattled British cinema chain operator when it emerges from bankruptcy proceedings, Sky News reported on Monday.

IT 121
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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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Explained: How HDFC-HDFC Bank merger will impact equity mutual funds

Business Standard - FInance

Several investors are concerned that since both stocks are among the widely held scrips in their portfolios, it could result in a fire sale of the entity at a beaten-down price.

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UK banks asked by lawmakers if they’re ‘exploiting’ savers with low rates

Global Banking & Finance

UK banks asked by lawmakers if they’re ‘exploiting’ savers with low rates By Iain Withers LONDON (Reuters) -British banks faced fresh criticism on Monday for the savings rates they offer to cash-strapped customers, in the latest intervention by parliament’s influential Treasury Select Committee.

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Here's what analysts are saying after Tesla's second-quarter vehicle deliveries report

CNBC: Investing

Tesla just beat expectations on vehicle deliveries. Here are what major analysts are saying about the report.

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76% of Rs 2,000 banknotes returned to banks since May 19; 87% as deposits

Business Standard - FInance

According to RBI, as on May 19, the total value of Rs 2,000 notes in circulation was Rs 3.56 trillion and out of this, notes worth Rs 2.

Bank 98
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Using Data & Analytics for Improving Healthcare Innovation and Outcomes

In the rapidly evolving healthcare industry, delivering data insights to end users or customers can be a significant challenge for product managers, product owners, and application team developers. The complexity of healthcare data, the need for real-time analytics, and the demand for user-friendly interfaces can often seem overwhelming. But with Logi Symphony, these challenges become opportunities.

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Take-Two, this drug name are among the most overbought stocks on Wall Street. Here are the others

CNBC: Investing

CNBC Pro screened for the most overbought and oversold stocks.

Stock 98
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Explained: How to minimise capital gains tax on property, equity and MFs

Business Standard - FInance

If an investor holds shares or mutual funds for over a year, the profits are long-term capital gains

Capital 98
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Most patriotic stocks: These names can benefit the most from a strong U.S. economy

CNBC: Investing

CNBC Pro set out to find the stocks that can capitalize the most from a strong U.S. economy.

Stock 98
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4 ways to break up with single-use plastic this July

Cisco: M&A

Did you know July kickstarts a month-long global challenge to remove plastic from your daily routine?

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Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?