Tue.Nov 14, 2023

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Airbnb acquires secretive firm launched by Siri co-founder

TechCrunch: M&A

Airbnb has acquired a secretive new AI startup, GamePlanner.AI, the company announced this morning. CNBC reports that the purchase price was around $200 million, a figure that TechCrunch was unable to confirm at publication time. GamePlanner was co-founded by Adam Cheyer and Siamak Hodjat. Cheyer famously helped co-launch the startup Siri, which Apple acquired and […] © 2023 TechCrunch.

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Key Insights for Dealmakers Confronting Washington’s Aggressive Approach to Merger Reviews

JD Supra: Mergers

As part of the Biden administration’s avowedly aggressive approach to antitrust enforcement, it has challenged a number of high-profile mergers in court over the past two and a half years. While the track record of the Department of Justice (DOJ) and Federal Trade Commission (FTC) in court has been poor — just one win versus seven outcomes that count as losses — the antitrust agencies insist that they will continue to challenge mergers and push the limits of decades-old antitrust principles.

Mergers 170
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When Earnouts Are Ambiguous: The Importance of a Good Record

Deal Lawyers

John has blogged previously about the renewed reliance on earnouts in today’s uncertain environment. In fact, this Freshfields blog states that “one recent study found that the use of earnouts in U.S. private M&A deals in 2022 was higher than in any year since 2017.

M&A 111
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Illinois Proposes Heightened Oversight for Healthcare Transactions

JD Supra: Mergers

Starting January 1, 2024, healthcare facilities and provider organizations engaging in certain transactions in Illinois, such as mergers and acquisitions, will have new reporting requirements. Illinois recently joined a growing number of states, including California and New York, in requiring expanded oversight and transparency of transactions involving healthcare facilities and provider organizations.

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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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Michael Burry reveals new bet against chip stocks after closing out winning market short

CNBC: Investing

The hedge fund manager of "The Big Short" fame shook up his bets during the third quarter.

Funds 144

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Warren Buffett’s Berkshire trimming holdings, keeping new stock secret

CNBC: Investing

The Omaha-based conglomerate dumped the remaining $780 million stake in General Motors, while exiting a number of smaller bets.

Stock 125
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What is a ‘Drag-Along’?

JD Supra: Mergers

You’ve just received a term sheet for your Series A financing, and it mentions a “drag-along.” What does this mean, and should you be concerned about it?

Finance 154
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FreshPure Waters Expands Its National Footprint with Acquisition of Arctic Mountain Premium Drinking Water

Global Newswire by Notified: M&A

Santa Fe, New Mexico, Nov. 14, 2023 (GLOBE NEWSWIRE) -- FreshPure Waters (“FreshPure”) is reaffirming its position as a leading national brand with the strategic acquisition of Pure Water Technologies, operating as Arctic Mountain, a prominent water vending solutions provider based in Salt Lake City, Utah. This milestone marks a significant step in FreshPure’s journey towards sustained growth and establishes a strong presence in 42 states, with a growing network of dispensing systems in grocery

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Innovation and partnership for the AI journey ahead

Cisco: M&A

A Cisco study reveals serious gaps in AI readiness around the world. But opportunities are massive, and Cisco is ready to help. Technology change is never easy. AI is uniquely complex.

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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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'Tiger Cub' hedge fund Coatue reveals Instacart bet, keeps AI plays as top holdings

CNBC: Investing

Coatue's Philippe Laffont was one of the so-called Tiger Cubs who worked under the late Julian Robertson at Tiger Management.

Funds 108
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AIOps Drives Exceptional Digital Experience Through Network Assurance

Cisco: M&A

Part 5 of the six-part series – The 2023 Global Networking Trends Report series The distributed workforce―and the distributed applications and services they consume―have vastly changed the enterp… Read more on Cisco Blogs

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Bregal-backed Juniper Landscaping buys landscaping maintenance firm Shooter and Lindsey

PE Hub

Based in Fort Myers, Florida, Juniper is a commercial landscaping platform. The post Bregal-backed Juniper Landscaping buys landscaping maintenance firm Shooter and Lindsey appeared first on PE Hub.

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A 'once-in-a-generation' factory construction boom won't bow to economic jitters. How investors can play it

CNBC: Investing

Manufacturing construction that has been put in place is tracking about 70% higher year over year, according to UBS.

Economics 113
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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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The Federal Reserve Has Frozen Our Housing Market

The New York Times: Banking

The Federal Reserve’s relentless attack on inflation has jeopardized the housing market.

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Blue Sage invests in environmental remediation services firm Geo-Solutions

PE Hub

Geo-Solutions was represented in the transaction by FMI Capital Advisors, Inc. The post Blue Sage invests in environmental remediation services firm Geo-Solutions appeared first on PE Hub.

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The Power of LTE 450 for Critical Infrastructure

Cisco: M&A

In case of disasters, a reliable communication network is critical. The emergency centers need to be able to exchange information to coordinate their response in the field.

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Guilbault acquires Champlain-backed Transport Inter-Nord

PE Hub

Transport Inter-Nord is a Saint-Jerome, Quebec-based specialist in less-than-truckload and full-truckload freight transportation. The post Guilbault acquires Champlain-backed Transport Inter-Nord appeared first on PE Hub.

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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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Book Review: ‘The Money Kings,’ by Daniel Schulman

The New York Times: Banking

In “The Money Kings,” Daniel Schulman tells the story of the Jewish immigrants who came to the United States and helped build America’s modern economic system.

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Lack of capital is holding back scale-ups, report finds

Growth Business

By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success Scale-ups say a lack of capital is holding them back from growth, a report from the Venture Capital Trust Association ( VCTA ) has found. The research – gathered from a survey of 119 fast-growing firms – found over a third of start-ups identified the constraint above all other factors.

Capital 82
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Seth Klarman's Baupost bought 23 million shares of this data analytics stock last quarter

CNBC: Investing

The value-oriented, Boston-based hedge fund also entirely sold out of two large stocks.

Stock 117
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Banyan Capital’s Purity Life acquires Indigo Natural Foods

PE Hub

Indigo Natural Foods is a Toronto-based distributor of natural health products. The post Banyan Capital’s Purity Life acquires Indigo Natural Foods appeared first on PE Hub.

Food 79
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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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How to bet on a comeback in energy stocks, which look primed for a bounce

CNBC: Investing

The energy sector has been beaten down since September and is stuck in a downtrend.

Stock 107
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BC Partners talks about PetSmart and co-investing with Apollo; Apax Digital Funds backs Petvisor

PE Hub

Apax Digital Funds leads investment of more than $100 million in Petvisor. The post BC Partners talks about PetSmart and co-investing with Apollo; Apax Digital Funds backs Petvisor appeared first on PE Hub.

Funds 78
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Proprietary traders prioritising FX as rising costs lead firms to trade fewer products and markets

The TRADE

Around 45% of firms which already trade FX are planning to significantly increase their exposure in the asset class as of next year, an Acuiti report has found. The report focuses on the rising cost of trading, finding that 33% of surveyed respondents are currently reducing their presence in some markets or products as a result, with 29% highlighting that they are trading less overall due to these high costs.

Trading 104
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Angeles Equity Partners taps Ster as operating partner for operations group

PE Hub

Prior to joining Angeles Operations Group, Ster was chief financial officer of Divergent Technologies. The post Angeles Equity Partners taps Ster as operating partner for operations group appeared first on PE Hub.

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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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Who will be the AI winners of 2024? Morgan Stanley names its favorites

CNBC: Investing

A mix of mega cap and smaller stocks are the best plays on generative artificial intelligence in 2024, according to Morgan Stanley.

IT 90
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Bonaccord Capital Partners backs Kayne Anderson Private Credit

PE Hub

The investment will be used by KAPC for value creation initiatives and growth. The post Bonaccord Capital Partners backs Kayne Anderson Private Credit appeared first on PE Hub.

Capital 76
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Bill Ackman's Pershing Square increased its stake in this big tech stock last quarter

CNBC: Investing

The hedge fund nearly doubled its holding of class A shares, which carry voting rights.

IT 100