Sat.Oct 21, 2023 - Fri.Oct 27, 2023

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WordPress.com owner buys all-in-one messaging app Texts.com for $50M

TechCrunch: M&A

WordPress.com and Tumblr owner Automattic is adding another company to its portfolio with today’s news that it has acquired the all-in-one messaging app Texts.com for $50 million. The app brings all your messaging apps together in a single dashboard, including iMessage, Slack, WhatsApp, Instagram, Telegram, Messenger, LinkedIn, Signal, Discord and X, with plans for more […] © 2023 TechCrunch.

Portfolio 326
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Quarterly Cartel Catch-Up: Recent Developments in Criminal Antitrust for Busy Corporate Counsel ? 3rd Quarter 2023

JD Supra: Mergers

The third quarter of 2023 was eventful for both domestic and international cartel enforcers. In the United States, the Department of Justice (DOJ) continues to revamp policies to sharpen its enforcement efforts. On October 4, 2023, the Deputy Attorney General announced a safe harbor for merging parties to self-report criminal violations—not just antitrust violations—for up to six months after the transaction closes.

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Can I Still Make A Move This Year?

H. Friedman Search

Questions start coming in this time every year regarding the timing to make a move. With bonus season looming right around the corner, candidates ask me, “Can I still make a move this year?” The answer of course depends on where you want to move. This blog is going to explore the exit strategy that is appropriate as we round the end of 2023. However, this year the question is more complicated than usual with the unforeseen exit of a major player in our public finance space.

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'The bond vigilante is coming back,' UBS strategist says

CNBC: Investing

The "bond vigilantes are coming back" as investors continue to sell amid the prospect of a growing fiscal deficit, according to UBS Asset Management's Kevin Zhao.

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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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After $43B valuation, Databricks acquires data replication startup Arcion for $100M

TechCrunch: M&A

Databricks has remained a hot startup at a time when interest from investors has cooled across the ecosystem. Just last month the company raised $500 million at an eye-popping $43 billion valuation. That would be big money anytime, but especially in the current fundraising climate. With that kind of dough in its coffers, the company […] © 2023 TechCrunch.

Valuation 291

More Trending

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Thought leadership AI in security and defence

Global Banking & Finance

Thought leadership AI in security and defence By Lee Eccleshare, Head of Research, AMPLYFI Artificial intelligence (AI) has rapidly spread through virtually every sector, revolutionising processes and augmenting capabilities. From healthcare to finance, from transportation to entertainment, there is hardly an industry untouched by the transformative powers of AI.

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Wall Street hikes forecasts for anti-obesity drug sales to $100 billion and beyond. A look at the numbers

CNBC: Investing

Citi notched its estimate for incretin drug sales to $71 billion by 2035, up from its prior estimate of $55 billion. That view seems conservative. Here's why.

Sale 145
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Memory chip maker SK Hynix, a shareholder of Kioxia, opposes a merger with Western Digital

TechCrunch: M&A

A long-expected merger of two of the world’s biggest memory chip companies — Western Digital and Japan’s Kioxia — may be hampered by one of Kioxa’s shareholders, SK Hynix. The South Korean chipmaker said during its earnings call today that it would not agree to a combination of the two players. “SK Hynix is not […] © 2023 TechCrunch.

Mergers 230
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Is Planet Merger Control becoming uninhabitable? - Observations on the increasingly shaky statics of international merger control

JD Supra: Mergers

Merger and acquisition (M&A) transactions are facing ever longer regulatory reviews and an increasingly uncertain outcome. Less than a decade ago, it seemed we were on a clear path to substantial international convergence, and the "community" understood that it is difficult to hold transactions together over long periods of regulatory uncertainty, so various initiatives to speed up global deal reviews were considered.

Mergers 177
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U.S. dollar gains as risk sentiment sours, Treasury yields rise

Global Banking & Finance

U.S. dollar gains as risk sentiment sours, Treasury yields rise By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar edged higher against a basket of currencies on Wednesday, as investors’ appetite for riskier currencies faded following lacklustre corporate results that raised worries over the economic outlook, and as Treasury yields rose.

Investors 128
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‘Big Short’ Michael Burry takes a victory lap after calling the tech-led market correction

CNBC: Investing

Michael Burry, best known for calling the subprime mortgage crisis, added a new notch in his belt by predicting the latest market correction.

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Sheridan Capital forms Ascend Plastic Surgery Partners

PE Hub

Sheridan invested alongside Ascend’s surgeons and management, who have retained a meaningful ownership stake in the business. The post Sheridan Capital forms Ascend Plastic Surgery Partners appeared first on PE Hub.

Capital 122
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[Video] What You Need to Know About the New FTC and DOJ HSR Changes

JD Supra: Mergers

Continuing a more aggressive posture toward corporate mergers, the Department of Justice and Federal Trade Commission recently announced new HSR rules that dramatically change and expand the amount and type of information that needs to be submitted with HSR filings. How will this impact future M&A activity and Second Requests? Brian Rafkin, counsel in Akin’s antitrust and competition practice, joins the podcast to examine the new HSR rules and their potential implications.

Mergers 177
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UK to release experimental jobless data instead of standard numbers

Global Banking & Finance

UK to release experimental jobless data instead of standard numbers LONDON (Reuters) -Britain’s Office for National Statistics (ONS) said it would publish an experimental adjusted estimate of Britain’s unemployment rate on Tuesday, instead of its usual labour market survey which has suffered from a falling response rate.

IT 128
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The next AI winners may be these old economy companies embracing the revolution

CNBC: Investing

Investor Nancy Tengler says a search for more traditional companies embracing digitization could help investors find less ovious beneficiaries of the AI boom.

Investors 129
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Redefining Payments: Curlec by Razorpay Gains License to Acquire Merchants in Malaysia

Razorpay

We’ve always believed that every touch point for a business, when accepting payments online, needs to be easy to use, efficient, and fast. Earlier this year, having taken this vision beyond India’s borders, we announced our International Payment Gateway, developed for the Malaysian market – Curlec by Razorpay. With the digital payments market in Malaysia projected to soar by an impressive 17.06% between 2023 and 2027, culminating in a market volume of $41.74 billion in 2027, t

Bank 111
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Antitrust & Competition Life Sciences Quarterly Update - Q3 2023

JD Supra: Mergers

The FTC’s Amgen/Horizon Lawsuit Ends With a Whimper - We covered the FTC’s investigation into (and litigation challenging) Amgen’s $28.3 billion acquisition of rare disease specialist Horizon Therapeutics in our Q1 and Q2 updates.

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Exclusive-Shell cuts low-carbon jobs, scales back hydrogen in overhaul by CEO

Global Banking & Finance

Exclusive-Shell cuts low-carbon jobs, scales back hydrogen in overhaul by CEO By Ron Bousso LONDON (Reuters) – Shell will cut at least 15% of the workforce at its low-carbon solutions division and scale back its hydrogen business as part of CEO Wael Sawan’s drive to boost profits, it said on Wednesday.

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Here are the most oversold stocks due for a bounce following the market's tough week

CNBC: Investing

CNBC Pro used FactSet data to screen for the most overbought and oversold names in the S&P 500 based on their 14-day relative strength index, or RSI.

S&P 121
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American Discovery Capital’s SmartBug Media acquires Globalia

PE Hub

Globalia is a Saint-Lambert, Quebec-based digital agency specializing in inbound marketing, sales automation, digital transformation and e-commerce. The post American Discovery Capital’s SmartBug Media acquires Globalia appeared first on PE Hub.

Media 111
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Brussels Regulatory Brief: October 2023

JD Supra: Mergers

Antitrust and Competition - European Commission Prohibits US$1.7 Billion Merger in Online Travel Agency Sector - On 25 September 2023, the European Commission (Commission) prohibited, under Council Regulation (EC) No 139/2004 (EU Merger Regulation), a merger in the online travel agency sector.

Mergers 172
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Microsoft extends cloud lead over Alphabet with focus on OpenAI, big clients

Global Banking & Finance

Microsoft extends cloud lead over Alphabet with focus on OpenAI, big clients By Aditya Soni (Reuters) -Microsoft is outstripping Alphabet in the race to make money from generative artificial intelligence through early bets on OpenAI and focus on big clients, raising worries that the Google parent could lose share in the cloud-computing market.

Shares 126
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'Incredible alpha opportunities' in the year ahead despite headwinds, says Carlyle Group CEO Harvey Schwartz

CNBC: Investing

Wall Street leaders speaking at the annual Riyadh event broadly expressed varying degrees of pessimism and caution for the coming year.

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Vista to acquire software firm EngageSmart in take-private $4bn deal

PE Hub

According to terms of the deal, EngageSmart stockholders will receive $23.00 per share in cash upon completion of the proposed transaction. The post Vista to acquire software firm EngageSmart in take-private $4bn deal appeared first on PE Hub.

Shares 111
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EU Foreign Subsidies Regulation: is Your Company Ready?

JD Supra: Mergers

As of October 12, 2023, notification obligations under the European Union’s (EU’s) groundbreaking Foreign Subsidies Regulation No. 2022/2560 (FSR) have started to apply, with wide-ranging implications for businesses operating in and with the EU.

Business 177
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Dollar rises as US business activity ticks up in October

Global Banking & Finance

Dollar rises as US business activity ticks up in October By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against a basket of currencies on Tuesday as a slew of fresh economic data highlighted the strength of the U.S. economy relative to the United Kingdom and the European Union. U.S.

Business 126
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These stocks are trying to solve a major shortcoming of weight loss drugs: Shrinking muscle mass

CNBC: Investing

Piper Sandler analyst Allison Bratzel said the loss of lean muscle while taking GLP-1 drugs is "a major shortcoming" that could have bigger consequences.

Stock 123
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Tradeweb and FTSE Russell partner to offer enhanced fixed income pricing and index trading products

The TRADE

Tradeweb Markets and LSEG’s FTSE Russel have entered a strategic partnership to develop enhanced fixed income index pricing and index trading products. The pair aim to offer improved pricing across a wider range of fixed income securities, which FTSE Russell will administer as benchmarks. This will build upon their existing collaboration on benchmark pricing for UK gilt and European government bonds, with the goal of delivering robust, algorithmic and reliable pricing.

Trading 109
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A Return to the Core Principles of Antitrust: Assistant Attorney General Jonathan Kanter and FTC Chair Lina Khan Reflect on Their Successes and Learning Experiences

JD Supra: Mergers

On October 5, 2023, the Brookings Institution hosted an event entitled “A conversation with FTC Chair Lina Khan and DOJ Assistant Attorney General Jonathan Kanter on antitrust enforcement.” The discussion was moderated by the Honorable Bill Baer, Former Assistant Attorney General for the U.S. Department of Justice, Antitrust Division (the “Division”) under President Obama.

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Dollar higher as US business activity ticks up in October

Global Banking & Finance

Dollar higher as US business activity ticks up in October By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar climbed against a basket of currencies on Tuesday as a slew of fresh economic data highlighted the strength of the U.S. economy relative to the United Kingdom and the European Union. U.S.

Business 124
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Top Wall Street analysts favor these five dividend stocks during tumultuous times

CNBC: Investing

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Cisco and Chesapeake Energy.

Stock 133
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UK gets top spot in Europe for venture capital funding

Growth Business

By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success British start-ups have attracted $15bn of venture capital investment so far this year – the highest in Europe – according to research. A report from HSBC Innovation Banking (formerly Silicon Valley Bank UK) and Dealroom found British start-ups came ahead of France and Germany, which raised $8bn and $7bn respectively.

Capital 109
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A New Port in a Storm: Comparing the M&A Safe-Harbor Policy With Leniency

JD Supra: Mergers

DOJ’s announcement of a safe harbor for voluntary self-disclosure in the context of acquisitions is the latest policy change in support of its effort to incentivize compliance, empower compliance professionals, and make compliance a cost-savings center. It also heightens the importance of diligence and post-acquisition investigation to unearth acquired misconduct within the policy’s short, six-month window for self-disclosure.

M&A 172