TechCrunch: M&A

JUNE 29, 2023

One of China’s most highly anticipated artificial intelligence startups is undergoing a significant change of direction. Guangnian Zhi Wai, or Light Years Beyond, which was founded merely four months ago by Wang Huiwen, a co-founder of Meituan, with the ambition of becoming the “OpenAI for China”, is getting bought out. In a filing released on Thursday, Meituan announced that it will be fully acquiring Light Years Beyond for $233.7 million in cash.

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Debt Investors Recruitment Food 157

JD Supra: Mergers

JUNE 29, 2023

The Federal Trade Commission (FTC) on June 27, 2023, announced its intention to increase the cost and burden of its regulatory processes, which might prevent many even benign and procompetitive mergers and acquisitions (M&A) from getting out of corporate boardrooms.

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Deal Lawyers

JUNE 29, 2023

Late last month, John blogged about a recent Sidley memo that reviewed all announced public transactions from January 1, 2018 through April 30, 2023 that included CVRs as part of the consideration and identified the key components of CVRs and trends in their terms.

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JD Supra: Mergers

JUNE 29, 2023

On June 27, 2023, the U.S. Federal Trade Commission (“FTC”) and Antitrust Division of the U.S. Department of Justice (“DOJ”) announced a Notice of Proposed Rulemaking regarding the Hart-Scott-Rodino (“HSR”) Premerger Notification Form (“HSR Form”) and Instructions that, if implemented, will dramatically revise the information required for an HSR filing and, as a result, significantly increase the associated burden and time to make such filings.

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Trading 136

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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?

Management

CNBC: Investing

JUNE 29, 2023

The SEC has long opposed a spot bitcoin ETF, but a filing by BlackRock earlier this month has sparked optimism that the regulator could soften that stance.

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Investment 145

Business Standard - FInance

JUNE 29, 2023

The tieup of HDFC Bank & Housing Development Finance Corp creates a lender that ranks 4th in equity m-cap, behind JPMorgan Chase, Industrial and Commercial Bank of China and Bank of America Corp

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JD Supra: Mergers

JUNE 29, 2023

In recent months, new proposals to change competition law in both the European Union and the United Kingdom have either been announced or enacted. The goals of both the EU Digital Markets Act (which has been fully applicable since May 2023) and the UK Digital Markets Bill (proposed in UK Parliament in April 2023) are broadly similar.

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Business Standard - FInance

JUNE 29, 2023

PAN-Aadhaar Link Deadline: Don't miss the PAN-Aadhaar link deadline! Find out the fees, status, and step-by-step guide to linking your PAN card with Aadhaar. Failure to link can result in consequences.

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JD Supra: Mergers

JUNE 29, 2023

Another Change- Last week BDO confirmed that it was going to convert from an entity organized as a limited liability partnership under state law to one organized as a corporation. With that, BDO became the latest in a growing list of highly regarded accounting firms to announce that it was going to change, or was considering a change in, its legal structure.

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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.

Finance

The New York Times: Mergers, Acquisitions and Dive

JUNE 29, 2023

The company did not specify how many were shed and said that the magazine, known for its focus on discovery and exploration, would continue to be published on a monthly basis.

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JD Supra: Mergers

JUNE 29, 2023

In May 2023, the Sustainable Markets Initiative (SMI) published a new guide setting out how to use ESG-related metrics effectively in private markets (the ESG Metrics Guide), and how measuring and monitoring these metrics can help drive resilience, growth and value. Launched at The World Economic Forum’s 2020 Annual Meeting in Davos, the SMI is a CEO-led global forum through which industries coordinate efforts to achieve sustainability goals.

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Business Standard - FInance

JUNE 29, 2023

Sundaram Alternates, an arm of Chennai-based Sundaram Group, on Thursday launched its fourth high-yield credit fund with a corpus of Rs 1,500 crore. The new fund seeks to raise Rs 750 crore with a green shoe option worth Rs 750 crore, taking the aggregated target size to Rs 1,500 crore. The fund will focus on sub-Rs 100 crore deals, which offers fund diversification as well as attractive risk-rewards, Vikaas M Sachdeva, managing director of Sundaram Alternates, said.

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JD Supra: Mergers

JUNE 29, 2023

On June 27, 2023, the Federal Trade Commission, in concurrence with the U.S. Department of Justice's Antitrust Division (the Agencies), proposed changes to the premerger notification form, as well as the premerger notification rules implementing the Hart-Scott-Rodino (HSR) Act. The HSR Act and its implementing rules require the parties to certain mergers and acquisitions to submit premerger notification to the Agencies and to wait a specified period of time before consummating their transaction.

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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.

Capital

Business Standard - FInance

JUNE 29, 2023

Domestic tour operators on Thursday welcomed the government's move to defer hike in tax collection at source on overseas tour packages till September 30 calling but reiterated that it should be brought down to 2.5 per cent. In a statement, Indian Association of Tour Operators (IATO) -- the apex body of tour operators in the country with more than 1,700 members -- thanked the government for "giving partial relief of deferring Tax Collection at Source (TCS) on the overseas tour packages till Septe

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JD Supra: Mergers

JUNE 29, 2023

On June 27, 2023, the FTC published for public comment the first major overhaul to the HSR form in decades. If adopted, the proposal would dramatically increase the amount of information that must be provided with an initial premerger notification, increasing both the burden on the parties preparing their forms and the likelihood that they will receive questions from the FTC/DOJ during the initial waiting period.

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Mergers 130

Cisco: M&A

JUNE 29, 2023

Cisco is proud to announce that Webex by Cisco (Webex) – comprising Webex Meetings, Webex Messaging, and Webex Calling – is the first collaboration and conferencing solution to achieve Level 3 adh… Read more on Cisco Blogs

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JD Supra: Mergers

JUNE 29, 2023

On 1 July 2023, the Belgium foreign direct investment ("FDI") screening regime enters into force. The regime will add scrutiny for non-EU companies planning investments in targeted sectors and will create additional administrative processes for companies to factor into their deal and commercial timelines. The complex federal structure of Belgium will impact the FDI regime as the federal government, the three Regions and three Communities will each be involved.

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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.

Architecture

Growth Business

JUNE 29, 2023

By Henry Williams on Growth Business - Your gateway to entrepreneurial success With global events pushing up wholesale energy prices, and despite limited Government intervention to control costs, there’s never been a better time to adopt measures to better manage your business energy usage and budget. Smart meters, which are currently being rolled out across Britain, can help your scale-up do just that.

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CNBC: Investing

JUNE 29, 2023

This is Vanguard's best foreign bond fund, according to Jeff DeMaso, founder and editor of the newsletter "The Independent Vanguard Adviser.

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Growth Business

JUNE 29, 2023

By Oliver Woolley on Growth Business - Your gateway to entrepreneurial success The first thing you need to decide, says Oliver Woolley, is what kind of business you are building – a ‘lifestyle’ business or a ‘growth’ business? If you can, avoid raising finance in the start-up stage but when you do need an injection of cash, there are quite a few things to consider, starting with deciding which of the two types of business you are building: (a) a “lifestyle” business that you want to develop but

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CNBC: Investing

JUNE 29, 2023

These stocks are set to stand out as the age of artificial intelligence emerges and starts penetrating a variety of business sectors, Jefferies says.

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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.

Business

Business Standard - FInance

JUNE 29, 2023

According to RBI's financial stability report, the total of SMA-0, SMA-1 and SMA-2 in the retail advances in the public sector banks was 9.

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PE Hub

JUNE 29, 2023

The deal also includes the Motorsport Network brand name, as well as Motorsport.tv, a video platform for live and on demand streaming, and the Autosport Awards, a motorsport racing annual awards ceremony. The post GMF Capital scoops up digital media platform Motorsport Network Media appeared first on PE Hub.

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Growth Business

JUNE 29, 2023

By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success Thanks to programmes such as Dragon’s Den and The Apprentice , we all know what a good pitch presentation should look like, but the challenge is getting it right for your business when it matters. Where do I start? Before the presentation in front of investors, you will need to prepare fundraising collateral, which includes the pitch deck, executive summary, business plan and financial forecasts.

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PE Hub

JUNE 29, 2023

Along with financial partners, Gage and Arc plan to deploy upwards of $300 million in equity to develop electric vehicle charging infrastructure solutions for fleet customers. The post ARC Financial invests in fleet electrification firm Gage Zero appeared first on PE Hub.

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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.

Securities

Cisco: M&A

JUNE 29, 2023

For a long time, sustainable business practices were considered a zero-sum game. A company could do its part to help the environment, but only at a significant cost to the business.

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PE Hub

JUNE 29, 2023

The deal is expected to close in the third quarter of 2023. The post Pan Management’s OneRock Energy Holdings to buy Northwoods Energy appeared first on PE Hub.

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CNBC: Investing

JUNE 29, 2023

Analyst Atif Malik rated Apple a buy and his price target implies 27% upside compared with Thursday's close.

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