Tue.Mar 26, 2024

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With Affinity acquisition, Canva should be able to compete better with Adobe’s creative tools

TechCrunch: M&A

Canva, the high-flying Australian design and visual communication startup, announced today it was acquiring Affinity (formerly Serif), a creative tools company based in the U.K. Bloomberg reported that the deal was worth several hundred million pounds (approximately $380 million U.S.), and the company confirmed to TechCrunch that the number was accurate.

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Antitrust & Competition Technology 2023 Year in Review

JD Supra: Mergers

Antitrust actions significantly impacted the technology sector in 2023 and are poised to have substantial repercussions in the future, affecting both major tech companies and emerging enterprises. In addition to a focus on the largest technology companies, a prevalent theme in much of the antitrust activity in the tech space in 2023 was the examination of behavior across vertically related products or services.

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Web3 investment firm Borderless Capital acquires CTF Capital to bring AI and quant expertise

TechCrunch: M&A

Borderless Capital, an investment firm that specializes in web3, announced Tuesday that it is acquiring CTF Capital, a quantitative trading and asset management firm headquartered in Miami, with technology and operation teams in Latin America. The financial details of the deal were not disclosed. The deal marks Borderless’ first acquisition since its inception in 2018. […] © 2024 TechCrunch.

Capital 214
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Antitrust Enforcers Are Increasingly Focused on Labor Markets, and Not Just in the Merger Context

JD Supra: Mergers

Labor markets have been a focus of antitrust regulators at the Department of Justice (DOJ) and Federal Trade Commission (FTC) since the Obama administration. Indications are that enforcers will be even more aggressive across the board, raising labor concerns in order to prevent mergers and change employers’ behavior.

Mergers 189
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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?

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US leveraged loan trading revenue rebounded in 2023 despite rising interest rates

The TRADE

Leveraged loan trading revenue topped $900 million in 2023, up 16% from 2021 and 29% from 2022, a new report from Coalition Greenwich has found. Over the past three years, leveraged loan markets have experienced shifting revenues as seen throughout fixed income markets, however, research shows that the mostly floating rate market managed to weather the storm from rising interest rates which drove down bond prices.

Trading 120

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M&A Due Diligence: Top Intellectual Property Issues

Deal Lawyers

This Gibson Dunn memo addresses the top intellectual property issues that buyers should consider during the M&A due diligence process.

M&A 111
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February 2024 HSR Transactions: Balancing Economic Indicators and M&A Activity

JD Supra: Mergers

Editor’s Note: The Hart Scott Rodino Act (HSR Act), a pivotal federal law, mandates companies to notify the Federal Trade Commission (FTC) and the Department of Justice (DOJ) before finalizing mergers or acquisitions involving certain assets or voting securities. This notification is part of the FTC and DOJ Premerger Notification Program, designed to enable a thorough review of proposed transactions for potential antitrust issues.

Economics 170
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BlackRock says bitcoin returns likely to come down now that it has been embraced by Wall Street

CNBC: Investing

Robert Mitchnick, BlackRock's digital assets lead, discusses bitcoin cycles and volatility at Bitcoin Investor Day.

IT 144
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Managing Deal Risks in a Challenging Regulatory Environment: Strategies and Deal Terms

JD Supra: Mergers

The already complex business calculus that goes into a merger has become even more complicated in the past several years because of stepped-up government scrutiny. Major transactions have been blocked or abandoned in the face of opposition by regulators in the U.S., U.K. and European Union on competition and national interest or national security grounds.

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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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JPMorgan says 'all roads' of the AI boom lead to this global chip manufacturer that's trading at a 50% discount

CNBC: Investing

Investors looking to bet on the AI boom may want to take a look at this semiconductor supplier trading at a discount to the sector, JPMorgan says.

Trading 108
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US DOJ’s National Security Division Updates Enforcement Policy for Criminal Sanctions and Export Control Violations with New Focus on Mergers & Acquisitions

JD Supra: Mergers

On March 7, 2024, the US Department of Justice’s National Security Division (NSD) released a revised Voluntary Self-Disclosure (VSD) Policy (the “VSD Policy”). The VSD Policy substantially tracks the language of the previous VSD Policy (dated March 1, 2023) but makes a few notable updates, mostly to implement last year’s announcement by the Deputy Attorney General of a Department-wide Safe Harbor Policy in connection with mergers and acquisitions.

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Securing the LLM Stack

Cisco: M&A

A few months ago, I wrote about the security of AI models, fine-tuning techniques, and the use of Retrieval-Augmented Generation (RAG) in a Cisco Security Blog post.

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Increasing Antitrust and Potentially Other Scrutiny for Defense M&A Deals

JD Supra: Mergers

Mergers and acquisitions involving companies that conduct business with the federal government present a unique set of challenges. Several statutes and regulations are implicated in such corporate transactions, whether the federal government is a company’s smallest customer or its only customer. On March 18, 2024, U.S. Senators Elizabeth Warren (D-Mass.) and Mike Rounds (R-S.D.) sent a letter to the Secretary of Defense suggesting additional hurdles that may soon be put in place.

M&A 148
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How Embedded Analytics Gets You to Market Faster with a SAAS Offering

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.

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Visa and Mastercard Agree to Cap Swipe Fees in Settlement

The New York Times: Banking

The deal could save merchants $30 billion over five years. It would also allow them to adjust prices based on the costs of accepting different credit cards.

IT 102
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Healthcare & Life Sciences Private Equity Deal Tracker: Waud Acquires Senior Helpers

JD Supra: Mergers

Waud Capital Partners (WCP) has acquired Senior Helpers, according to a news release. Senior Helpers, founded in 2002 and based in Towson, Md., is a provider of in-home senior assistance.

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Watch for potential wave of share splits as the average price of S&P 500 stock hits $160, says Strategas

CNBC: Investing

Companies that split their shares outperformed the broader market by a "meaningful margin" in the two months after the effective date, according to the firm.

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Tech Exit Series - The Tech Company Exit Process: Initial Considerations

JD Supra: Mergers

Orrick's Tech Exit Series suggests top tips for tech companies looking towards an exit. Our market-leading London M&A and Private Equity team writes instalments in the series with contributions from specialists across our broader practice.

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Embedding BI: Architectural Considerations and Technical Requirements

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.

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These stocks may have trouble living up to expectations for a big earnings turnaround this year

CNBC: Investing

According to Trivariate Research, investors should be overweight in healthcare and energy sectors, where companies will likely achieve their estimates better.

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First National Corporation to Acquire Touchstone Bankshares, Inc.

Global Newswire by Notified: M&A

STRASBURG, Va. and PRINCE GEORGE, Va., March 26, 2024 (GLOBE NEWSWIRE) -- First National Corporation (“First National”) (NASDAQ: FXNC) and Touchstone Bankshares, Inc. (“Touchstone”) (OTCPK: TSBA) announced today they have entered into a definitive merger agreement for First National to acquire Touchstone in an all-stock transaction.

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BlackRock's Larry Fink sees Social Security crisis, says 65 retirement age 'a bit crazy'

CNBC: Investing

The issue of retirement took center stage in Fink's letter to shareholders.

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Synergy ECP Announces Acquisition of Software Engineering Firm SoftTech Solutions

Global Newswire by Notified: M&A

Synergy ECP, today announced its acquisition of SoftTech Solutions, a custom software developer specializing in the U.S. Intelligence Community.

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How to Leverage AI for Actionable Insights in BI, Data, and Analytics

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.

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Tuesday's analyst calls: Chip stock gets a price target increase, Bernstein sees Tesla dropping another 30%

CNBC: Investing

A chipmaker and an electric vehicle giant were in focus on Tuesday's analyst chatter.

Stock 85
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The Jobs Frontier 2024

Tyton Partners

The Jobs Frontier 2024 Ufi Ventures and Tyton Partners are collaborating on an ongoing exploration of the opportunities for investors in the Future of Workforce Development. In this annual report, you will find our second public analysis of key developments in the “Future of Work” investment landscape from the previous year with insights for 2024. Whilst we are living in a period of crisis, unpredictability and rapid change, with growing skills gaps and a pressing need to adapt to AI and for a g

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A closer look at restricted currency execution and custody

The TRADE

How has the market backdrop of the last few years impacted restricted currency execution and custody? Photo taken with Focos Local market regulations are constantly changing what custodians and third-party providers are able to bring to market, so this is an ever-evolving landscape. When you look at some of the larger currency control moves such as Malaysia in 2016 or Argentina in 2019, they have certainly placed more eyes on internal processes and external offerings.

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Analysts say Boeing CEO exit can help the company 'get back on track.' Here's where they see the stock going

CNBC: Investing

Analysts are hopeful Boeing's executive shakeup should help the company and stock overall recover from ongoing safety concerns tied to the 737 Max.

Stock 63
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Embedded Analytics Insights for 2024

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.

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From Academia to Cisco: How I’m Inspired and Empowered as a Woman in Tech

Cisco: M&A

Graduating with my Ph.D. in Electrical Engineering and securing a post-doctorate position, I was well on my way to staying in academia and becoming a professor.

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Benchmark International Has Successfully Facilitated The Transaction Between A&B Concrete Coring Company Inc. And A-Core, Concrete Specialists

Benchmark International

Benchmark International is pleased to announce the successful sale of A&B Concrete Coring Company (“A&B”) to A-Core Concrete Specialists (“A-Core”).

Sale 57
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Delaware Court Of Chancery Invalidates Stockholder Agreement Provisions That Deprive Board Of Key Decision-Making Powers

Shearman & Sterling

On February 23, 2024, Vice Chancellor J. Travis Laster of the Delaware Court of Chancery invalidated a number of significant provisions in a stockholder agreement between a financial institution (the "Company") and its founder and controlling stockholder. West Palm Beach Firefighters Pension Fund v. Moelis & Co., No. 2023-0309-JTL (Del. Ch.