Mon.Jun 26, 2023

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Databricks picks up MosaicML, an OpenAI competitor, for $1.3B

TechCrunch: M&A

Investors aren’t the only ones who want to get their hands on hot tech companies in the field of AI: it’s also likely to spur a big wave of M&A, too: today, Databricks announced that it would pay $1.

M&A 58
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Take the Business Divorce Pop Quiz!

JD Supra: Mergers

It’s been many years since our last pop quiz for all you business divorce aficionados. Time for another. See how many you get right before you read the answers. By: Farrell Fritz, P.C.

Business 245
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IBM acquires Apptio from Vista for $4.6B in cash to double down on hybrid cloud services

TechCrunch: M&A

As cloud architecture continues to be more ubiquitous among organizations, increasingly what is more apparent is that many organizations are taking a hybrid approach, blending SaaS in private and public clouds with some products that remain on premises. Today, IBM made a big acquisition doubling down on the hybrid concept: it will pay $4.6 billion in cash to buy Apptio — which has built a platform to track how and where data lives in hybrid environments and how it’s being used, in pa

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From Enemies to Partners: LIV Golf and PGA Tour Resolve Antitrust Lawsuit Through Merger

JD Supra: Mergers

The recent surprise announcement that LIV Golf and the PGA Tour had agreed to settle their hotly contested antitrust lawsuit came as a shock to many, including the golfers who play on the tours. Since the announcement, much of the commentary has centered on the stunning (and, some say, hypocritical) reversal of the PGA Tour’s position regarding the involvement of the Saudi Arabian Public Investment Fund and the implications for the players and tournaments in the future.

Mergers 242
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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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ThoughtSpot acquires Mode Analytics, a BI platform, for $200M in cash and stock

TechCrunch: M&A

ThoughtSpot , an AI-powered analytics platform last valued at $4.5 billion, today announced that it’s entered into a definitive agreement to acquire Mode Analytics, a business intelligence startup, for $200 million in cash and stock. Mode will become a wholly owned subsidiary of ThoughtSpot once the deal closes later this year, subject to customary closing conditions and the approval of Mode’s shareholders.

Stock 242
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06-26-2023 Newsletter: Are Headhunters asking for your Resume?

OfficeHours

Download the Free Resume Template used by thousands of Investment Banking Analysts today! Written by Asif Rahman, Co-Founder at OfficeHours Once you’ve started a full time role, we recommend updating your resume to emphasizing your current banking role and transaction experience, while shortening old experience from internships and college. Notably, with limited real estate after incorporating new deal experience, you should move your education section to the bottom of your resume and make su

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The FTC and Non-Competes - Impact on M&A Transactions

JD Supra: Mergers

Non-competition agreements and similar restrictive covenants form a bundle of rights and obligations that are hotly negotiated between buyers and sellers in every M&A transaction. These covenants often represent tradeoffs affecting the purchase price as well as post-closing rights and obligations of sellers such as continued employment. Originally Published from Association of Corporate Counsel - June 2023.

M&A 130
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Anduril’s teeing up to take larger defense market share with latest acquisition

TechCrunch: M&A

Defense technology company Anduril Industries has acquired Adranos , a startup that manufactures solid rocket motors for in-space and terrestrial applications. The two companies did not disclose the terms of the deal. Indiana-based Adranos’ solid rocket motor propulsion systems are designed for tactical missiles, hypersonics and space launch vehicles.

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HControl Holdings v. Antin Infrastructure Partners: Terminating a Merger Agreement for Immaterial Breach (and Other Holdings)

JD Supra: Mergers

A recent posttrial decision from Delaware regarding an alleged breach of a capitalization representation in a merger agreement is noteworthy. The decision establishes that a party is within its rights to back out of a deal even for seemingly nonmaterial breaches of representations and warranties that are not qualified by materiality.

Mergers 130
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10 Thinks To Learn About The Process Of Selling Your Business with Coach Wendy Dickinson

How2Exit

10 Thinks To Learn About The Process Of Selling Your Business with Coach Wendy Dickinson 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. -Ron Concept 1: Grow A Business To Sell In the How to Exit podcast, Wendy Dickinson, a business coach, discusses the importance of growing a business

Business 130
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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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Good News in Digital Health

JD Supra: Mergers

CB Insights has released their State of Digital Health Report for Q1 2023, and there is finally some good news to report. After four quarters of declines in funding in the digital health space, global digital health funding held steady in the first quarter of this year at US$3.4 billion.

Funds 130
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10 Stepping Blocks To Acquire Small Businesses

How2Exit

How2Exit.com podcast and our associated newsletters, Deeper.How2exit.com and TheHub.AcqHub.com , put this together for all our peeps buying businesses. P.S. Would you like the PDF Version? Subscribe to either newsletter above, and I've put the pdf in the free stuff area of the welcome letter.

Business 130
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EPFO extends deadline to apply for higher pension for members till July 11

Business Standard - FInance

Retirement fund body EPFO has extended the deadline for filing applications to opt for a higher pension till July 11. This is the second extension of the deadline for applying for a higher pension. Earlier, it was extended from May 3, 2023, to June 26, 2023. The last opportunity of 15 days is being given to remove any difficulty faced by the eligible pensioners/ members, the Employees' Provident Fund Organisation said in a statement.

Funds 119
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11 Concepts We Can Learn About Why People Are The Important Part Of An M&A Deal From How2Exit's Interview W/ Kison Patel

How2Exit

12 Concepts We Can Learn About __ From How2Exit's Interview W/ Kison Patel - 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. -Ron Concept 1: Integration Makes Or Breaks Deal Integration is an essential part of any successful merger or acquisition.

M&A 130
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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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Kering Beauté Acquires Creed, the High-end Luxury Heritage Fragrance House

Global Newswire by Notified: M&A

Communiqué - Acquisition de Creed - 26 06 23 FR PRESS RELEASE June 26, 2023 KERING BEAUTÉ ACQUIRES CREED, THE HIGH-END LUXURY HERITAGE FRAGRANCE.

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Pickleball is bad news for health insurance stocks, UBS says

CNBC: Investing

The sport's growth and popularity among seniors could be contributing to rising health-care spending.

Insurance 102
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HSBC exit a sign of Canary Wharf’s post-pandemic woes

Financial Times - Banking

Bank’s departure is latest blow to the east London financial district that rose in the wake of Thatcher’s ‘Big Bang’ reforms

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Analysts think these stocks in underperforming sectors are due for a comeback

CNBC: Investing

Watch these Wall Street underperformers for a potential comeback in the second half of 2023.

Stock 98
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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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How EVE Detects Malicious Uses of Trustworthy Cloud Services

Cisco: M&A

To evade detection, attackers will often live-off-the-land by using pre-installed binaries like powershell.exe and communicating with legitimate cloud services like dl.dropbox[.]com.

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Goldman Sachs downgrades Tesla, citing difficult pricing environment for electric vehicles

CNBC: Investing

Goldman Sachs joined other Wall Street banks in downgrading Tesla.

Banking 98
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Cisco and Intel Demonstrate Interoperability for Open RAN

Cisco: M&A

Cisco and Intel validate interoperability between Cisco Nexus 93180YC-FX3 Switch and Intel® Ethernet 800 Series Network Adapters that feature enhanced timing capabilities for faster and lower cost … Read more on Cisco Blogs

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UBS downgrades Google parent Alphabet, citing stiffer competition and generative A.I. headwinds

CNBC: Investing

The bank downgraded the tech giant to neutral from buy, albeit with a higher $132 per share price target compared with the previous $123 forecast.

Shares 98
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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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In Poorer Countries, Obesity Can Signal Financial Security

The New York Times: Banking

A study found that loan officers in Uganda, where information is scarce, were more likely to offer credit to heavier-looking people.

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Buy Sherwin-Williams on a slightly better-than-expected housing market, BMO says

CNBC: Investing

Buy Sherwin-Williams stock as the housing market and demand for raw materials prove to be better than expected, BMO Capital Markets says.

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Axis Bank to grow up to 6% faster than industry in medium to long term: CEO

Business Standard - FInance

Axis Bank on Monday said it will continue to grow 4-6 per cent faster than the industry in the medium to long term, helped by focus on rural and semi-urban markets, improving digital infrastructure and Citibank India retail business. Fiscal year 2023 was a breakout year for digital banking platform Axis 2.0 and the early leadership in building proprietary in-house digital native capabilities with full stack engineering, product and a design team of about 400 people have started yielding results,

Banking 98
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Here are Monday's biggest analyst calls: Meta, Tesla, Disney, Amazon, Boeing, Walmart, Uber & more

CNBC: Investing

Here are Monday's biggest calls on Wall Street.

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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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RBI finalises norms for banks to hold capital for operational risks

Business Standard - FInance

RBI: Apex bank will communicate date of implementation separately

Banking 98
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Morgan Stanley's Mike Wilson says risks for a major market correction ‘have rarely been higher’

CNBC: Investing

Morgan Stanley believes a rapid stock market pullback is imminent.

Stock 98
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S&P upgrades rating for Bajaj Finance, UBI, Shriram Finance & Hero Fincorp

Business Standard - FInance

The rating upgrade reflects the view that they will continue to improve their asset quality, benefiting from good economic prospects and structural improvements in operating conditions

S&P 98
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Analyst Dan Ives sees tech stocks gaining another 15% in the second half, led by these A.I. plays

CNBC: Investing

Ives sees tech stocks climbing another 12% to 15% in the second half.

Stock 98
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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?