TechCrunch: M&A

JULY 3, 2023

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.

Acquisitions 236

Acquisitions IT M&A Business 236

JD Supra: Mergers

JULY 3, 2023

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 154

Mergers Trading 154

How2Exit

JULY 3, 2023

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.

Mergers and Acquisitions 130

Mergers and Acquisitions Business Negotiation Private Equity 130

JD Supra: Mergers

JULY 3, 2023

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 165

Mergers 165

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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?

Management

Global Banking & Finance

JULY 3, 2023

UK demands better deal for drivers in road fuel market By James Davey LONDON (Reuters) -Britain will require supermarkets and retailers to give drivers access to live fuel prices at every petrol station on their phones or satnavs after the country’s antitrust regulator said competition had weakened in the sector since 2019.

Retail 122

Retail Finance Finance 122

Global Banking & Finance

JULY 3, 2023

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.

Investment Banking 122

Investment Banking Bank Banking Investment 122

JD Supra: Mergers

JULY 3, 2023

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 142

Trading 142

Global Banking & Finance

JULY 3, 2023

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.

Management 122

Management Recruitment IT 122

JD Supra: Mergers

JULY 3, 2023

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.

Investment 130

Investment 130

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.

Finance

Global Banking & Finance

JULY 3, 2023

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

Food Sale Shares 122

JD Supra: Mergers

JULY 3, 2023

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.

Collaboration 130

Collaboration Trading 130

Global Banking & Finance

JULY 3, 2023

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

Stock Equities Shares Bank 122

JD Supra: Mergers

JULY 3, 2023

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

Mergers Consulting Trading 130

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Start-ups & SMBs launching products quickly must bundle dashboards, reports, & self-service analytics into apps. Customers expect rapid value from your product (time-to-value), data security, and access to advanced capabilities. Traditional Business Intelligence (BI) tools can provide valuable data analysis capabilities, but they have a barrier to entry that can stop small and midsize businesses from capitalizing on them.

Capital

Global Banking & Finance

JULY 3, 2023

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.

Transportation 122

Transportation IT 122

JD Supra: Mergers

JULY 3, 2023

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

Mergers Trading 130

Global Banking & Finance

JULY 3, 2023

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

Shares IT 122

JD Supra: Mergers

JULY 3, 2023

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

M&A Mergers and Acquisitions Mergers Acquisitions 130

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While data platforms, artificial intelligence (AI), machine learning (ML), and programming platforms have evolved to leverage big data and streaming data, the front-end user experience has not kept up. Holding onto old BI technology while everything else moves forward is holding back organizations. Traditional Business Intelligence (BI) aren’t built for modern data platforms and don’t work on modern architectures.

Architecture

Global Banking & Finance

JULY 3, 2023

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

Media 122

JD Supra: Mergers

JULY 3, 2023

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

Mergers Trading 130

Global Banking & Finance

JULY 3, 2023

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

IT 121

JD Supra: Mergers

JULY 3, 2023

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

Business 130

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In the rapidly-evolving world of embedded analytics and business intelligence, one important question has emerged at the forefront: How can you leverage artificial intelligence (AI) to enhance your application’s analytics capabilities? Imagine having an AI tool that answers your user’s questions with a deep understanding of the context in their business and applications, nuances of their industry, and unique challenges they face.

Business

Global Banking & Finance

JULY 3, 2023

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.

Bank 120

Bank Banking IT 120

Business Standard - FInance

JULY 3, 2023

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.

Equities 98

Equities Mergers Portfolio Bank 98

CNBC: Investing

JULY 3, 2023

More than two-thirds of U.S. adults have obesity or are overweight. That means several weight loss drugs can be successful. A look at the landscape.

Investors 96

Investors 96

Business Standard - FInance

JULY 3, 2023

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

Bank Banking 98

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Organizations look to embedded analytics to provide greater self-service for users, introduce AI capabilities, offer better insight into data, and provide customizable dashboards that present data in a visually pleasing, easy-to-access format. To better understand the factors behind the decision to build or buy analytics, insightsoftware partnered with Hanover Research to survey IT, software development, and analytics professionals on why they make the embedded analytics choices they do.

Securities

CNBC: Investing

JULY 3, 2023

As the third quarter and second half kick off, Goldman Sachs is adding a new utility stock to its high-conviction stock list.

Utilities 96

Utilities Stock IT 96

PE Hub

JULY 3, 2023

Shines Energy is a Dartmouth, Nova Scotia-based provider of residential heating, cooling and air quality. The post Gryphon-backed Right Time buys Nova Scotia’s Shines Energy appeared first on PE Hub.

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79

CNBC: Investing

JULY 3, 2023

BlackRock's iShares launched two new defined outcome funds on Friday, joining a growing area of the ETF market.

Funds 98

Funds Stock 98