Thu.Oct 12, 2023

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Atlassian to acquire former unicorn Loom for $975M

TechCrunch: M&A

Atlassian announced this morning that it is acquiring video messaging service Loom for $975 million, the same company that had a $1.53 billion valuation in May 2021 when it announced a $130 million Series C. That was when companies were still thinking about all work being cloud-based and the future looked oh so bright. As […] © 2023 TechCrunch.

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[Audio] Hear Lisa Monaco's Announcement of M&A Leniency Policy

JD Supra: Mergers

On October 4, 2023 at the Society of Corporate Compliance and Ethics' Compliance & Ethics Institute in Chicago, US Deputy Attorney General Lia A. Monaco spoke live from Washington to the attendees and used this opportunity to announce a new Safe Harbor Policy for voluntary self-disclosures made in the context of the merger and acquisition process.

M&A 170
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It’s official: Microsoft closes $68.7B Activision Blizzard acquisition as UK approves restructured deal

TechCrunch: M&A

After a prolonged antitrust tussle, Microsoft’s near-two-year attempt to buy gaming giant Activision is finally happening, after the U.K.’s Competition and Markets Authority (CMA) accepted a restructured proposal that addresses the CMA’s concerns about Microsoft dominating the cloud gaming market. The crux of Microsoft’s concession to get the deal over the line lies squarely in […] © 2023 TechCrunch.

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EU FSR – the notification regime begins; what does it mean for private equity investors?

JD Supra: Mergers

The EU is concerned about subsidies granted by non-EU countries to businesses active in the EU, that could distort competition in EU markets. The Foreign Subsidies Regulation (FSR) establishes a new regime, enforced by the European Commission (EC), to regulate such subsidies. Importantly, it introduces a suspensory notification obligation for certain M&A transactions and joint ventures – including transactions that have not received any subsidies from foreign governments.

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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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Block acquires music financial services startup Hifi

TechCrunch: M&A

Block, the Jack Dorsey-founded fintech company previously known as Square, has acquired Hifi, a music-focused fintech startup. The company declined to share deal terms. Hifi founder and CEO Damian Manning announced the news in a LinkedIn post yesterday. The company also updated its website, which states that it’s joining Block to “further our shared purpose […] © 2023 TechCrunch.

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CRED in talks to acquire mutual fund startup Kuvera

TechCrunch: M&A

CRED is in talks to acquire Kuvera, a startup that operates an online wealth management platform, a source familiar with the matter told TechCrunch, in what is a sign of the Indian fintech giant’s growing interest in the lucrative category of stock investments and mutual funds. The acquisition deliberations are ongoing and a deal could […] © 2023 TechCrunch.

Funds 241
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Notification Obligations Under the EU Foreign Subsidies Regulation Enter into Force Today

JD Supra: Mergers

The obligation under the EU Foreign Subsidies Regulation (FSR)[1] to report M&A transactions involving parties which have benefited from foreign financial contributions enters into force today. This creates an additional layer of regulatory scrutiny and potential need for transaction conditionality beyond merger control and foreign direct investment scrutiny.

M&A 159
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Disclosure Schedules: Del. Supreme Court Affirms Chancery Ruling in Williams Cos. Case

Deal Lawyers

Earlier this week, in The Williams Companies v. Energy Transfer Equity, (Del.; 10/23), the Delaware Supreme Court affirmed a prior Chancery Court decision finding that ETE had breached its merger agreement with Williams and ordering it to pay a $410 million breakup fee.

Mergers 100
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Mandatory Notification Obligations Under the EU’s Foreign Subsidies Regulation Kick In: Are You Ready?

JD Supra: Mergers

Starting today, October 12, 2023, the mandatory notification requirements under the EU’s Foreign Subsidies Regulation (FSR) apply. M&A deals involving businesses that (i) have been granted certain levels of financial support from non-EU governments and (ii) meet prescribed financial thresholds must now be notified, assessed and cleared before the transactions can close.

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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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Cathie Wood says AI is highly deflationary and her top picks include Twilio and UiPath

CNBC: Investing

"AI is going to lead to one of the biggest improvements in productivity … which is highly anti-inflationary," Wood said at CNBC's Financial Advisor Summit.

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EU FSR – the notification regime begins; what does it mean for infrastructure investors?

JD Supra: Mergers

The EU is concerned about subsidies granted by non-EU countries to businesses active in the EU that could distort competition in EU markets. The Foreign Subsidies Regulation (FSR) establishes a new suspensory notification obligation for certain M&A transactions, joint ventures, public procurements and utilities procurements – even transactions and procurements that have not received any subsidies from foreign governments.

Investors 159
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Morgan Stanley names this music stock a top pick, cites rising engagement and the industry's superstar year

CNBC: Investing

The gold rush in 2023 for Taylor Swift and Beyoncé's music should continue to bode well for shares of this music streaming stock, according to Morgan Stanley.

Stock 113
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Are Partner Retirement or Withdrawal Provisions in Governing Documents Subject to Section 409A of the Internal Revenue Code?

JD Supra: Mergers

As part of our ongoing series on tax issues for accounting firms, this article provides information on retirement or deferred compensation arrangements, the related rules of Section 409A of the Internal Revenue Code, and how these issues may impact M&A deal structures and negotiations.

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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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These 3 bank stocks are Wall Street's favorites heading into earnings reports for the industry

CNBC: Investing

Banks have been feeling the pressure against the backdrop of higher interest rates, but these three names could emerge as winners this earnings season.

Bank 112
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DOJ Announces Safe Harbor Policy for Voluntary Self-Disclosures in Mergers and Acquisitions

JD Supra: Mergers

Under a new U.S. Department of Justice ("DOJ") policy related to mergers and acquisitions ("M&A"), DOJ will decline to prosecute an acquiring company for misconduct by an acquired company where the acquiring company timely and voluntarily self-discloses the wrongdoing, cooperates, and remediates.

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SIX expands cloud connectivity offering with Megaport

The TRADE

SIX has launched SIX Connect, an expansion of its cloud connectivity offering which leverages network-as-a-service provider, Megaport’s reach. Megaport offers scalable bandwidth for both public and private cloud connections and from today, SIX’s offering will provide private access to its data services via any major public cloud provider. The launch forms part of SIX’s wider strategy to deliver clients flexible data access.

Trading 104
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Regulation Round Up - September 2023

JD Supra: Mergers

Welcome to the UK Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation.

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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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Partner Summit 2023 – Powering up for Profitability and Growth in EMEA!

Cisco: M&A

Last year’s Cisco Partner Summit was fantastic, and I really enjoyed presenting about how my team is driving improvements in the way Cisco and our Partners work together.

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Which stocks might be disrupted next by Ozempic and other GLP-1 drugs

CNBC: Investing

GLP-1 medications could have far-reaching implications for a wide variety of conditions, from liver disease to sleep apnea to heart disease.

Medical 114
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SOME Opens Roberts Residences, A New Affordable Housing Building In Northeast Washington

Global Newswire by Notified: M&A

WASHINGTON, Oct. 12, 2023 (GLOBE NEWSWIRE) -- On Thursday, Oct. 12, 2023, SOME (So Others Might Eat), a DC-based nonprofit focused on combating poverty and homelessness, unveiled its newest addition to the D.C. skyline with the official opening of Roberts Residences at 1515 North Capitol Street NE.

IT 95
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Bank of America upgrades Target, says shares look attractive after recent pullback

CNBC: Investing

The recent pullback in Target's stock creates an attractive entry point to snatch up shares, according to Bank of America.

Shares 119
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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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TriWest Capital Partners sells Zytech Building Systems to Rona

PE Hub

ZyTech is a Balzac, Alberta-based designer, manufacturer and distributor of building materials for the construction industry. The post TriWest Capital Partners sells Zytech Building Systems to Rona appeared first on PE Hub.

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Starboard Value's Jeff Smith says companies are more receptive to activists like him

CNBC: Investing

Starboard Value's Jeffrey Smith, one of the busiest activist investors for two decades, said companies have grown more receptive to voices like him.

Investors 104
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Northleaf to acquire control stake in EV charging company EVPassport

PE Hub

Northleaf has committed $200 million to fund EVPassport’s capital requirements and accelerate the build-out of EV charging systems. The post Northleaf to acquire control stake in EV charging company EVPassport appeared first on PE Hub.

Funds 82
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Barclays upgrades this solar stock trading at a discount to peers

CNBC: Investing

Investors should consider taking a look at this solar stock trading at a discount to its peers, Barclays says.

Trading 106
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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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Insurance brokerage firm Tropolis grabs investment from Unity Partners

PE Hub

Tropolis CEO Jeff Mason, CFO Jim Ryans and CTO Ben Calnin are co-founders. The post Insurance brokerage firm Tropolis grabs investment from Unity Partners appeared first on PE Hub.

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JPMorgan says this struggling clean energy play may have finally bottomed, sees nearly 60% upside

CNBC: Investing

JPMorgan is bullish on the company's long-term outlook despite short-term challenges.

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BV completes continuation fund for Right Networks

PE Hub

This transaction continues BV Investment Partners' ownership of the company and reaffirms its commitment to supporting Right Networks' long-term growth strategy. The post BV completes continuation fund for Right Networks appeared first on PE Hub.

Funds 81