Mon.Jul 17, 2023

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Corsair is buying mechanical keyboard maker Drop

TechCrunch: M&A

Everyone seems to be buying a mechanical keyboard company these days. Corsair has one-upped them all by buying its own mechanical keyboard company. The Fremont, California-based peripheral maker today announced that it’s acquiring “certain assets” from Drop for an undisclosed, all-cash deal. “Drop has been acquired by Corsair,” Drop CEO Jef Holove wrote in a blog post confirming the news.

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07-17-2023 Newsletter: Managing and Discussing Layoffs

OfficeHours

Written by a Top Female OfficeHours Coach What do you do if you are laid off from your job, and how do you discuss a layoff in future interviews? Layoffs are tough, but they’re also an unfortunate part of life – especially in a tough market like the one we are facing today. While they can sometimes indicate poor performance, the more senior you get in your career, the more likely it is that the decision was probably not as personal as it may feel.

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India’s Furlenco to sell 35% stake for $36.5 million

TechCrunch: M&A

Sheela Foam, the maker of the mattress brand Sleepwell, will be acquiring a 35% stake in furniture startup Furlenco, the publicly listed firm said Monday as it pushes for a bigger share of India’s mattress market. Sheela Foam has proposed to pay $36.5 million for the 35% stake in the Bengaluru-headquartered startup, the older firm said in a stock exchange filing.

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Managing and Discussing Layoffs

OfficeHours

What do you do if you are laid off from your job, and how do you discuss a layoff in future interviews? Layoffs are tough, but they’re also an unfortunate part of life, especially in a tough market like the one we are facing today. While they can sometimes indicate poor performance, the more senior you get in your career, the more likely it is that the decision was probably not as personal as it may feel.

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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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Stratasys rejects Nano Dimension acquisition offer, agrees to talk to 3D Systems

TechCrunch: M&A

Some of the biggest names in additive manufacturing are about to merge — we’re just not entirely sure who. One name we can say for certain is Stratasys — long one of the top names in 3D printing. As for with whom the company will eventually merge, there are three top candidates: Desktop Metal, 3D Systems and Nano Dimension. Stratasys’ preference has long been leading metal 3D printing firm, Desktop Metal.

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Antitrust: The FTC Takes Another “L” in a Pre-Closing Challenge

Deal Lawyers

The FTC’s efforts to stop Microsoft’s pending acquisition of Activision/Blizzard can now be added to the agency’s loss column. Last week, a California federal district court denied the FTC’s bid to stop the deal, and the 9th Circuit quickly affirmed that decision.

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Hard Validations And Cutlines: What Happened On CIO-SP4?

JD Supra: Mergers

If you’ve been following the saga of the National Institutes of Health Information Technology Acquisition and Assessment Center’s (NITAAC) Chief Information Officer-Solutions and Partners (CIO-SP4) procurement, you likely know the Government Accountability Office (GAO) recently issued two decisions sustaining post-award protests by 91 unsuccessful CIO-SP4 offerors.

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CDS panel rules UBS is sole successor to Credit Suisse after merger

Global Banking & Finance

CDS panel rules UBS is sole successor to Credit Suisse after merger LONDON (Reuters) -A committee that reviews disputes in the credit default swaps (CDS) market said on Monday that UBS is the sole successor to Credit Suisse Group following the merger of the two banks.

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Generating Scrutiny: FTC Outlines Competition Concerns in Generative AI

JD Supra: Mergers

On June 29, 2023, the Federal Trade Commission’s (“FTC”) Bureau of Competition and Office of Technology published a joint blog post that provided deeper insight into the FTC’s focus on competition in generative artificial intelligence (“AI”). Titled “Generative AI Raises Competition Concerns,” the post outlines the FTC’s views regarding the “essential technical building blocks” of generative AI and potential competition concerns raised by the technology.

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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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TomTom lifts 2023 forecasts after new maps help beat Q2 expectations

Global Banking & Finance

TomTom lifts 2023 forecasts after new maps help beat Q2 expectations By Augustin Turpin (Reuters) -Digital mapping specialist TomTom on Monday raised its full-year revenue and free cash flow forecasts after the roll-out of its new maps was well received by the auto industry and generated better-than-expected quarterly results.

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The FSR Will Soon Apply: What Companies Need to Know

JD Supra: Mergers

The EU’s new regime for tackling foreign subsidies will kick in on 12 July 2023. On 10 July 2023, the European Commission (Commission) published the final text of the Implementing Regulation (Final IR) on proceedings pursuant to the Foreign Subsidies Regulation (FSR). The Final IR is the last legal instrument to be adopted before the FSR takes effect on 12 July 2023.

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Spain election: Bike lanes, low-emission zones in crosshairs in rightist-run cities

Global Banking & Finance

Spain election: Bike lanes, low-emission zones in crosshairs in rightist-run cities By Belén Carreño and Pietro Lombardi MADRID/VALLADOLID (Reuters) – Aiming to highlight the city of Valladolid’s green credentials, Spain’s Environment Minister Teresa Ribera arrived by bicycle at a European Union climate meeting there last week.

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Luxembourg upgrades its legislative toolbox for the fund industry

JD Supra: Mergers

This new law aims to further increase the competitiveness of the Luxembourg fund centre. The amendments affect the Law of 2010 on UCIs, the Law of 2007 on SIFs, the Law of 2004 on SICARs, the Law of 2013 on AIFMs and the Law of 2016 on RAIFs.

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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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Japan PM Kishida in Abu Dhabi for energy, green tech talks

Global Banking & Finance

Japan PM Kishida in Abu Dhabi for energy, green tech talks By Rachna Uppal ABU DHABI (Reuters) – Japanese Prime Minister Fumio Kishida arrived in the United Arab Emirates on Monday for the second stop of a Gulf tour focused on securing energy supplies and offering Japanese green technology.

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Russia and Tax “Black-Lists”

JD Supra: Mergers

On 14 February 2023, the Council of the European Union approved adding Russia to the EU list of non-cooperative jurisdictions for tax purposes (the "EU List") (official publication on 21 February 2023).

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Global temperatures near record highs as US, China meet on climate

Global Banking & Finance

Global temperatures near record highs as US, China meet on climate By Charlie Devereux MADRID (Reuters) – Global temperatures were soaring to historic highs as the world’s two biggest carbon emitters, the United States and China, sought on Monday to reignite talks on climate change.

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[Video] Private Equity VS Real Estate Transactions | #2 EBITDA Valuations Explained

JD Supra: Mergers

Do you know what two factors drive the most value in your practice sale? How are practices even valued by private equity investors? Hear it directly from a seasoned investment banker.

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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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Luxury group Richemont boosted by Asia recovery but Americas weigh

Global Banking & Finance

Luxury group Richemont boosted by Asia recovery but Americas weigh By John Revill ZURICH (Reuters) -Luxury group Richemont reported a 14% increase in first- quarter sales on Monday, boosted by a strong rebound in Asia and demand for its high-end jewellery.

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Professional Medical Practice Acquisitions and the Corporate Practice of Medicine

JD Supra: Mergers

Private equity funds have become major players in the professional health care delivery sector in recent years due to acquisitions of professional practices, including physician practices, senior living facilities and the like. Such activity has attracted attention from regulators, policymakers and the public, with a particular focus on impacts on quality of care and potential conflicts of interest for providers.

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Greece to begin selling bank stakes this autumn-sources

Global Banking & Finance

Greece to begin selling bank stakes this autumn-sources ATHENS (Reuters) – Greece will this autumn start selling stakes in its four largest banks, sector officials and bankers said on Monday, marking the latest milestone in the country’s recovery from the financial meltdown it suffered in previous decade.

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AI Antitrust Issues Checklist

JD Supra: Mergers

This checklist outlines antitrust considerations for the use of artificial intelligence (“AI”) technology. Practices involving AI that could give rise to antitrust risk include algorithmic collusion, exclusionary practices involving AI services, agreements to limit AI development or deployment, self-preferencing on existing services, and mergers and acquisitions involving companies offering AI services.

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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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Driving Toward a Degree 2023: Awareness, Belonging, and Coordination

Tyton Partners

Driving Toward a Degree 2023: Awareness, Belonging, and Coordination This in-depth study delves into the critical aspects of student support services in higher education and highlights the need to prioritize equity with excellence for the provision of high-quality education. The study surveyed over 2,000 students and 1,700 institutional stakeholders , revealing key barriers and opportunities to better support students.

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German economy may disappoint as sentiment worsens – Bundesbank

Global Banking & Finance

German economy may disappoint as sentiment worsens – Bundesbank FRANKFURT (Reuters) – The German economy may shrink by more this year than expected only a few weeks ago despite a small bounce in the second quarter, the Bundesbank said on Monday.

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Investment banking for positive impact and sustainability

World Finance

Alpen Capital has built an impressive reputation for structuring unique and innovative solutions for its clients across the areas of debt, M&A and equity.

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Solar and wind are set to produce a third of global electricity in 7 years. How to invest behind it

CNBC: Investing

Solar and wind energy generation are set to rise "exponentially," per the Rocky Mountain Institute. CNBC found the stocks that could outperform in this boom.

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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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Jerome Powell’s Prized Labor Market Is Back. Can He Keep It?

The New York Times: Banking

The Federal Reserve chair spent the early pandemic bemoaning the loss of a strong job market. It roared back — and now its fate is in his hands.

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Renovus-backed Deep Water Point & Associates appoints Smith as CEO

PE Hub

McLean, Virginia-based Deep Water Point & Associates is a federal management consulting, advisory, and growth firm. The post Renovus-backed Deep Water Point & Associates appoints Smith as CEO appeared first on PE Hub.

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Great Wins for Cisco in CRN’s Tech Innovator Awards 2023

Cisco: M&A

We all feel the customer demands fueling a high pace of change in innovation. Cisco and our partners are delivering to these needs, to meet these shifts driving a new market scape.