January, 2024

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Amazon’s $1.4B iRobot deal is dead. Now what?

TechCrunch: M&A

A year and a half after announcing its intention to acquire iRobot, Amazon’s deal is officially dead. All parties involved anticipated some level of regulatory scrutiny, but after a few decades of tech company consolidation, few expected this much friction. The deal had already passed through select international regulatory bodies, including the U.K.

IT 286
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An Expert Look at the 2023 Merger Guidelines

JD Supra: Mergers

Last month, the United States Department of Justice (DOJ) and Federal Trade Commission (FTC) issued the 2023 Merger Guidelines, a draft of which was published in July. During TransPerfect Legal’s Antitrust Clearance & Merger Enforcement conference held early this fall, a panel of esteemed antitrust lawyers commented on the guidelines and their likely impact on merger review proceedings.

Mergers 283
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Stocks Climb to Record, Lifted by Big Tech and Rate Cut Hopes

The New York Times: Banking

The S&P 500 crossed above its January 2022 peak after weeks of wavering. Investors have been buying stocks after homing in on signals that the Fed’s campaign of raising interest rates is over.

S&P 145
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The Baltimore Sun’s New Owner Has the Newsroom on Edge

The New York Times: Mergers, Acquisitions and Dive

The news that David D. Smith, the executive chairman of the conservative Sinclair Broadcast Group, had bought The Sun has generated alarm inside and outside the newsroom.

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Guide to Business Writing

Everything you need to know about better business writing in one place. This is a complete guide to business writing — from a clear business writing definition to tips on how to hone your business writing skills.

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How 'quiet luxury' is subtly taking over investor portfolios

CNBC: Investing

Quiet luxury was one of last year's biggest viral fashion trends, but unlike other short-lived fads, this one has made its way into investor portfolios.

Portfolio 144

More Trending

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Goodnotes acquires an AI-powered video summary startup as it looks beyond education

TechCrunch: M&A

London-based notetaking startup Goodnotes said today it is acquiring South Korean startup Dropthebit, which operates a meeting and video summary tool called Traw. With the acquisition, Goodnotes is looking to move beyond classrooms and explore making productivity tools for professionals. As part of the deal, all three co-founders of Dropthebit will move to Goodnotes.

Education 292
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What the U.S. Department of Justice’s new M&A safe harbor policy means for PE firms

JD Supra: Mergers

On October 5, 2023, Deputy Attorney General, Lisa Monaco, announced a new safe harbor policy for voluntary self-disclosures made in the mergers and acquisitions context. The safe harbor policy will apply Department-wide and so will apply to antitrust, corruption, fraud, money laundering, sanctions evasion, or any other type of potentially criminal conduct.

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How China Censors Critics of the Economy

The New York Times: Banking

As Beijing struggles with a slumping stock market and a collapsing real estate sector, commentary and even financial analysis it deems negative are blocked.

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U.S. Steel Acquisition Proposal Tests Biden’s Industrial Policy

The New York Times: Mergers, Acquisitions and Dive

The president is under pressure from Democrats and Republicans to block the sale to Japan’s Nippon Steel, which could upset a key foreign ally.

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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JPMorgan sees Tesla dropping another 30%, says falling profits don't support high valuation

CNBC: Investing

Analyst Ryan Brinkman cut JPMorgan's stock price target for Tesla to $130, which would imply about 30% downside from Thursday's close of $182.63.

Valuation 144
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Technology making up almost a quarter of banks’ overall expenditure as compliance demands mount, finds report

The TRADE

The largest investment banks globally have continually increased investment in technology over the last few years, with technology now accounting for 20% of these banks’ overall expenditure, a Coalition Greenwich report has found. The ‘corporate and investment banking: spending priorities’ report from Coalition Greenwich assessed the performance of the 12 largest corporate and investment banks (by revenue) globally since 2018, which comprised banks including: Bank of America, Deutsche Bank, JP M

Bank 119
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iRobot and Amazon call it quits, terminate acquisition agreement

TechCrunch: M&A

Amazon has ended its bid to acquire iRobot, the maker of robotic vacuums, after running up against headwinds with European regulators. Amazon and iRobot have opted to mutually terminate their previously announced acquisition agreement, under which Amazon would’ve purchased iRobot for ~$1.7 billion in cash (or slightly lower). In a press release, the companies said […] © 2024 TechCrunch.

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Office of Health Care Affordability Adopts Final Cost and Market Impact Review Regulations for Health Care Transactions

JD Supra: Mergers

California’s new Office of Health Care Affordability recently adopted emergency regulations (“Final Regulations”) implementing the Health Care Market Oversight Program, required under California’s Health Care Quality and Affordability Act (“HCQAA”). HCQAA, which created the Office of Health Care Affordability (“OHCA”), requires “health care entities” to provide written notice of certain “material change transactions” to OHCA.

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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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Democrats Question Semiconductor Program’s Ties to Wall St.

The New York Times: Banking

Two progressive lawmakers warned the Biden administration against creating a revolving door between industry and government as it prepares to hand out $39 billion in grants.

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Private Equity Is Starting to Share With Workers, Without Taking a Financial Hit

The New York Times: Mergers, Acquisitions and Dive

The buyout giant KKR pioneered a model of granting ownership stakes to employees at portfolio companies. Now it wants the approach to spread.

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'Big Short' investor Steve Eisman worries 'everybody is coming into the year feeling too good,' sees room for disappointment

CNBC: Investing

Steve Eisman of Neuberger Berman sees little tolerance for things going wrong. He warns the Federal Reserve will likely cut rates fewer times than expected.

Investors 145
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Nomura taps Jefferies for new head of flow credit for CEEMEA

The TRADE

Nomura has appointed Mouloud Ameni as head of flow credit for Central and Eastern Europe, Middle East and Africa (CEEMEA), alongside adding him to the global flow credit leadership council. Ameni will be London-based, reporting to Eric Pang, global head of flow credit, and Nat Tyce, head of global markets EMEA. He joins Nomura from Jefferies, where he held senior leadership positions, most recently serving as managing director for emerging markets (EM) credit trading.

Trading 116
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Monetizing Analytics Features

Think your customers will pay more for data visualizations in your application? Five years ago, they may have. But today, dashboards and visualizations have become table stakes. Turning analytics into a source of revenue means integrating advanced features in unique, hard-to-steal ways. Download this white paper to discover which features will differentiate your application and maximize the ROI of your analytics.

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SentinelOne acquires Peak XV-backed PingSafe for over $100 million

TechCrunch: M&A

SentinelOne’s deal to acquire PingSafe valued the Peak XV-backed young startup at over $100 million, two sources familiar with the matter told TechCrunch, in one of the strongest and fastest deals emerging from India. The New York Stock Exchange-listed AI security firm disclosed the cash and stock deal last week, but didn’t reveal the financial […] © 2023 TechCrunch.

Stock 290
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BlackRock invests in pediatric dental support firm Lone Peak Dental Group

PE Hub

Lone Peak was founded in 2003 and has 69 offices spanning 13 states. The post BlackRock invests in pediatric dental support firm Lone Peak Dental Group appeared first on PE Hub.

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A Hapless Robber, Exposed by a Cloud of Dye, Gets His Day in Court

The New York Times: Banking

Nobody disputed that the defendant had handed over a note demanding money — please — from a Newark bank. The only remaining question: How dangerous had he been, really?

Bank 132
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Sports Illustrated Thrown Into Chaos With Mass Layoffs

The New York Times: Mergers, Acquisitions and Dive

The company’s owner has been plunged into a maelstrom in recent weeks as its senior executives have been forced out.

IT 145
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How To Package & Price Embedded Analytics

Just by embedding analytics, app owners can charge 24% more for their product. How much value could you add? This framework from Software Pricing Partners explains how application enhancements can extend your product offerings. You’ll learn: How to take a disciplined approach to pricing The three elements of the Packaging Decision Framework Ways to structure your new embedded analytics offering Download the White Paper to learn about How To Package & Price Embedded Analytics.

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Warren Buffett's Berkshire Hathaway keeps buying Liberty's SiriusXM tracking shares. Here's why

CNBC: Investing

In a likely merger arbitrage play, Berkshire Hathaway continues to add to its holding in Liberty Media tracking stock for satellite radio company SiriusXM.

Media 106
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Crédit Agricole head of eFX spot trading departs for Nomura’s Laser Digital

The TRADE

Zakria Hussain has left Crédit Agricole, where she was most recently global head of eFX spot trading, to join Nomura Group’s digital assets subsidiary Laser Digital as head of OTC trading. She has also previously served as executive director, eFX algorithmic analyst at Crédit Agricole. Read more: Nomura’s Laser Digital invests in ClearToken to enhance institutional engagement with digital assets Prior to that, Hussain spent three and a half years at Standard Chartered Bank, having served as a

Trading 116
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Leveraging a digital twin with machine learning to revitalize bridges

Cisco: M&A

As you drive across a bridge you might think of the impact it’s having on your commute, but have you ever considered the impact you’re having on the bridge itself?

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Bain Capital finds unique qualities in consumer sector with Fogo de Chão and 1440 Foods

PE Hub

'We're not afraid of complexity and we like being a bit contrarian,' says Bain's Adam Nebesar. The post Bain Capital finds unique qualities in consumer sector with Fogo de Chão and 1440 Foods appeared first on PE Hub.

Food 110
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Embedded Analytics: A Force Multiplier for Business

The possibilities for embedded analytics to drive real value for businesses, end users, and society are as fascinating as they are limitless. No matter the industry, brand after brand is finding that analytics can be the solution to a multitude of business challenges. Go deep with five insightsoftware customers as they share the details of their analytics journeys and discuss the transformative power of data.

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After China Evergrande, Real Estate Crisis ‘Has Not Touched Bottom’

The New York Times: Banking

The forced liquidation of China Evergrande epitomizes the sector’s struggles: Nationwide, sales are down and millions of homes have been paid for but not delivered.

Sale 115
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Judge Blocks JetBlue From Acquiring Spirit Airlines

The New York Times: Mergers, Acquisitions and Dive

The ruling is a victory for the Justice Department, which had argued that the merger would reduce competition.

Mergers 144
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Ken Griffin’s hedge fund Citadel posts double-digit returns in 2023, but lags the S&P 500

CNBC: Investing

Billionaire investor Ken Griffin's various hedge fund strategists all posted double-digit returns for 2023, but they failed to beat the broader market.

S&P 144