Sat.Jan 27, 2024 - Fri.Feb 02, 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 273
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Court Stymies State Regulator’s Attempt to Block Bank-Credit Union Deal

JD Supra: Mergers

The last two years have seen a significant uptick in the number of transactions involving credit union acquisitions of banks with 26 deals announced and two transactions already announced in 2024. Yet, the law around these transactions remains somewhat unsettled and the path to regulatory approval is often not clear. These transactions are sometimes structured as an acquisition of the bank’s assets and the assumption of specified liabilities to avoid conflict with possible regulatory issues.

Bank 267
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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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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 143
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Top 3 Secrets to Staying Relevant with Gen Z

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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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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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 130
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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 102
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Podcast app Castro now owned by indie developer Bluck Apps

TechCrunch: M&A

Nearly two months after Castro, the third-party podcast app, announced it was seeking new ownership, the company revealed today that it has officially been bought by Bluck Apps, an independent app studio that developed Android podcast app Aurelian. In November, Castro’s future was questioned when a former employee, Mohit Mamoria, posted on X that the […] © 2024 TechCrunch.

IT 249
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What are the Potential Catalysts for M&A Resurgence in 2024?

JD Supra: Mergers

After a sluggish 2023 in which global merger and acquisition activity fell almost 20% to $2.87 trillion – the lowest level since 2013 – the question in the corporate world, is: ‘Will M&A roar back in 2024?’.

M&A 198
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Provide Real Value in Your Applications with Data and Analytics

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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Why Cut Rates in an Economy This Strong? A Big Question Confronts the Fed.

The New York Times: Banking

The central bank is widely expected to lower interest rates this year. But with growth and consumer spending chugging along, explaining it may take some work.

Bank 131
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Top Wall Street analysts are upbeat about these 3 dividend stocks

CNBC: Investing

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including KeyCorp and Brookfield Infrastructure Partners

Stock 131
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Signaling more consolidation may come, smart-bus startup Zeelo acquires Kura, a smaller player

TechCrunch: M&A

A small U.K. startup that combined a school bus service with a software platform to safeguard pupils has been acquired by “smart buses” startup Zeelo, which last year raised a $14 million war chest for expansion. Founded in the U.K. in 2010, Kura, which had previously raised £3.8 million in a private equity round from […] © 2024 TechCrunch.

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The European Commission report on competition enforcement in the pharmaceutical sector

JD Supra: Mergers

On 26 January 2024, the European Commission published a report on competition enforcement in the pharmaceutical sector, highlighting the role of EU competition law in safeguarding market participants and consumers, particularly amid the challenges posed by the Covid-19 crisis. The report looks at enforcement from 2018 - 2022 and is a follow-up of the previous report which covered 2009 - 2017.

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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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U.S. Leading Soft Landing for Global Economy

The New York Times: Banking

Economies all over the world are lowering inflation while avoiding serious recession — but growth in the United States stands out.

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Launch of new ETFs may not affect bitcoin the same way they did gold, Citi says. Here’s why

CNBC: Investing

Maybe ETFs could benefit bitcoin down the road, but near term, it's more likely the cryptocurrency returns to high correlations with stocks, according to Citi.

Stock 123
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Servexo Open to Grow With Ideal Capital Partner

The Deal

After being in business for more than a decade, security solutions provider Servexo Inc., which services the corporate, government, healthcare, education and utilities sectors, is prepared to entertain serious discussions with potential investors in the next three to six months. Servexo, headquartered in Gardena, Calif., has been bootstrapped since it was founded in 2012 and incorporated in 2013.

Capital 111
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Federal Antitrust Enforcement in Health Care: 2023 Year in Review – Part 1

JD Supra: Mergers

Editor’s Note: The article below is the first in our three-part series, Federal Antitrust Enforcement in Health Care: 2023 Year in Review. The series is based on our recent webinar, 2023 Health Care Enforcement Trends: Spotlight on Consumer Protection, Antitrust and Fraud.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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Generative A.I.’s Biggest Impact Will Be in Banking and Tech, Report Says

The New York Times: Banking

For some companies, the new technology is an opportunity to enhance productivity and profit. Will their workers benefit as well?

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Tesla is one of the most oversold stocks in the S&P 500 and could be due for a bounce

CNBC: Investing

Using the CNBC Pro Stock Screener tool, we looked for the most overbought and oversold names in the S&P 500 based on their 14-day relative strength index.

S&P 91
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BMLL brings Level 3 analytics to South African capital markets

The TRADE

Historical Level 3 data and analytics provider BMLL has expanded its data coverage to now serve South African capital markets. BMLL has created three data bundles targeting South African market participants using 200 metrics derived from Level 3 data spanning JSE Main, AltX and A2X, alongside every recognised exchange for dual-listing (ASX, LSE, NYSE, TSE, Nasdaq, ENXT AMS, ENXT BRU and SIX).

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Cooley’s 2023 Tech M&A Year in Review: An AI-Generated Glass Half Full

JD Supra: Mergers

2023’s much-discussed downturn in mergers & acquisitions – with global M&A volume and value down 6% and 17%, respectively, from 2022 – was largely driven by the slowdown in the tech sector, with global tech M&A volumes down 51% year over year, while other sectors saw marked increases. The headwinds in the tech M&A sector are generally reflective of two core trends.

M&A 185
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Using Data & Analytics for Improving Healthcare Innovation and Outcomes

In the rapidly evolving healthcare industry, delivering data insights to end users or customers can be a significant challenge for product managers, product owners, and application team developers. The complexity of healthcare data, the need for real-time analytics, and the demand for user-friendly interfaces can often seem overwhelming. But with Logi Symphony, these challenges become opportunities.

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Citi Is Sued by New York State Over Account Transfer Fraud

The New York Times: Banking

New York’s attorney general said the bank failed to protect its customers from hackers who, in some cases, stole their life savings and college funds.

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Bitcoin could stay rangebound for several weeks more but Solana is poised for a breakout, says Wolfe Research

CNBC: Investing

Bitcoin finished January right where it started, just above the flat line at $42,000, despite the long-awaited launch of spot bitcoin ETFs in the U.S.

IT 120
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Redefining the IT war room with end-to-end observability

Cisco: M&A

Transforming the war room starts with Customer Digital Experience Monitoring (CDEM) to break down silos with correlated, cross-domain insights and efficiency for rapid resolutions.

IT 105
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SEC Adopts Final Rules Enhancing Disclosures and Providing Additional Investor Protections Related to SPACs

JD Supra: Mergers

Nearly two years after first proposing new rules related to special purpose acquisition companies (SPACs), the U.S. Securities and Exchange Commission (SEC) has adopted final rules aimed at enhancing investor protections in initial public offerings by SPACs and in subsequent de-SPAC transactions. The final rules require new enhanced disclosure requirements related to SPACs, and include new procedural protections in de-SPAC transactions.

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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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Dick Bove, Famed Banking Analyst Now Retired, Says Dollar is ‘Finished’

The New York Times: Banking

Dick Bove, the ubiquitous banking expert, is going out swinging after more than half a century in the business.

Bank 141
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A lower-cost way to get long this 'Magnificent 7' member trading at an all-time high

CNBC: Investing

We'll review an options trade for one of those names near an all-time high that gets investors long exposure to the stock with some insurance, so they don't feel like they are just chasing the name.

Trading 107
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Cisco AppDynamics observability solutions help partners expand their business

Cisco: M&A

Only Cisco offers a unified solution to address full-stack observability (FSO) use cases across all major industries Every day, hundreds of millions of people buy groceries, book travel, order… Read more on Cisco Blogs

Business 105