Sat.Jul 27, 2024 - Fri.Aug 02, 2024

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Canva acquires Leonardo.ai to boost its generative AI efforts

TechCrunch: M&A

Canva has acquired Leonardo.ai, a generative AI content and research startup, as the company looks to broaden the scope of its AI tech stack. The financial terms of the deal weren’t disclosed, but Canva co-founder and chief product officer Cameron Adams said it’s a mix of cash and stock. All of Leonardo.ai’s 120 employees will […] © 2024 TechCrunch.

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All together now: Post-acquisition compliance program integration

JD Supra: Mergers

The due diligence process is a critical element in a merger and acquisition transaction. Most companies clearly define the steps and rarely skip them. However, the participants in the process vary widely, and ethics and compliance are often overlooked. In a perfect world, the chief ethics and compliance officer and the ethics and compliance team would be part of the deal team early on, consulted in “go or no-go” decisions, and have a seat at the table throughout the process.

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Background Checks: Where Everything Comes To Light

H. Friedman Search

This week let’s talk about background checks. This will pertain to both public finance bankers, bond counsels, and other people outside of our cottage industry. Since we are dealing with money, assets, and fiduciary relationships, the background check that all the firms do is paramount for someone getting hired. All firms are doing some sort of background check whether formal or informal.

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Buffett's Berkshire sells $3.8 billion worth of Bank of America in 12-day selling spree

CNBC: Investing

Berkshire Hathaway dumped a total of 19.2 million BofA shares over the past three days for almost $779 million, according to a new regulatory filing.

Bank 145
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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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Sennder buys CH Robinson’s European business

TechCrunch: M&A

Sennder is acquiring the European ground transportation assets of logistics giant C.H. Robinson. © 2024 TechCrunch. All rights reserved. For personal use only.

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Asia Pacific antitrust update – July 2024

JD Supra: Mergers

As we move into the second half of 2024, the competition law landscape across the Asia-Pacific region continues to shift towards tighter regulation and increased enforcement. Faced with the intricate challenges of modern market structures and the evolving dynamics of the digital economy, competition regulators have placed legislative reform at the top of their agendas.

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Berkshire's mounting cash pile could top $200 billion as Buffett continues selling stock

CNBC: Investing

The Omaha-based conglomerate's cash hoard is likely to exceed its previous record of $189 billion when it reports quarterly earnings Saturday.

Stock 145
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EU greenlights HPE’s $14B Juniper Networks acquisition

TechCrunch: M&A

The European Commission (EC) has given the go-ahead to HPE's planned megabucks acquisition of Juniper Networks. © 2024 TechCrunch. All rights reserved. For personal use only.

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Energy & Sustainability M&A Activity – August 2024

JD Supra: Mergers

June 26, 2024: Infintium Fuel Cells, a manufacturer of a variety of hydrogen power cells with a maximum power of 35kWh, which act as an alternative to electric batteries, enabling businesses in the material handling industry to increase productivity, lower costs and deliver true-zero emissions, acquired Goldenstone Acquisition for $18 million through a reverse merger.

M&A 305
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What to Watch as the Fed Meets on Wednesday

The New York Times: Banking

The Federal Reserve is expected to leave interest rates unchanged but could set up for a cut later this year.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

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. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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Bill Ackman's Pershing Square withdraws IPO as demand for offering waned

CNBC: Investing

Bill Ackman's Pershing Square USA withdrew its plans for an initial public offering after demand fell below original expectations.

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The Stranger in Seattle Gets a New Owner, With Plans for Expansion

The New York Times: Mergers, Acquisitions and Dive

Noisy Creek, a new media company, has bought The Stranger and The Portland Mercury, two of the country’s best known alternative weeklies.

Media 141
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FTC Focus: Private Equity Investments In Healthcare

JD Supra: Mergers

U.S. antitrust regulators, particularly the Federal Trade Commission, have been stepping up scrutiny of private equity investments in healthcare. On March 5, the FTC, along with the U.S. Department of Justice and the U.S. Department of Health and Human Services, issued a joint request for public comment on consolidation in healthcare markets, citing concerns that PE "transactions may lead to maximizing profits at the expense of quality care.

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Bank of Japan Raises Interest Rates for Second Time Since 2007

The New York Times: Banking

The closely watched move by the Bank of Japan could bolster the country’s beleaguered currency.

Banking 138
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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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Dan Niles bought more Nvidia during the sell-off, says it can double from here as AI builds out

CNBC: Investing

Nvidia shares can double from these levels, according to portfolio manager Dan Niles.

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Helping Business Owners Achieve Successful Exits: Proven Strategies for a Smooth Transition

How2Exit

E234: Helping Business Owners Achieve Successful Exits: Proven Strategies for a Smooth Transition - Watch Here About the Guest(s): Christine McDannell is the founder and principal intermediary of The Magnolia Firm, a boutique business brokerage firm. Boasting over 20 years of entrepreneurial experience, Christine has built, sold, exited, acquired, and merged numerous businesses.

Business 130
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Antitrust M&A Snapshot | Q2 2024

JD Supra: Mergers

UNITED STATES - - Agencies Revisiting Consummated Mergers - What’s old is new again, as agencies are increasingly scrutinizing consummated mergers from years past. In May 2024, the US Department of Justice (DOJ), Antitrust Division, together with 30 states and the District of Columbia, sued Live Nation, alleging monopolization and other claims. If successful, the lawsuit could result in Live Nation being forced to sell Ticketmaster despite regulators clearing the combination in 2010.

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The Fed Is Impacting Our Election, Our Climate, Our Economy

The New York Times: Banking

The Fed’s refusal to lower interest rates is souring the public in an election year, harming vulnerable Americans, hindering the fight against climate change and potentially destabilizing the economy.

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Enhance Customer Value: Unleash Your Data’s Potential

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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Warren Buffett starts downsizing his Bank of America bet — Here's what could lie behind the move

CNBC: Investing

Warren Buffett surprised many by reducing one of his longest held and largest positions — Bank of America. Here's what could have driven the sale.

Banking 140
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Customer Focus: The Key to Transforming a Struggling HOA Company into a Success Story

How2Exit

E235: Customer Focus: The Key to Transforming a Struggling HOA Company into a Success Story - Watch Here About the Guest(s): Brian Shields is a seasoned acquisition entrepreneur with over 15 years of experience in investment banking, private equity, and business acquisition and management. After starting his career in New York's fast-paced financial sector, Brian transitioned into operations, gaining hands-on experience running businesses.

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Preparing to Sell Your Business

JD Supra: Mergers

There are several steps to follow when preparing to sell your business. It is important to allow plenty of time for planning and organization, as the process will usually require many months to a year or more. Why does it take so long to prepare your business for sale? The simple reason is that many owners of LLCs, S Corporations, and even C Corporations do not keep up to date with business financial records and the documentation required to successfully sell or transfer a business.

Business 288
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The Top 3 Mistakes To Avoid With Your 401(k)

The New York Times: Banking

Here is what experts say are the costliest stumbles people make with their retirement savings accounts — and how to get back on course.

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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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Fears grow Fed is too late to cut rates as bets increase for a half-point easing at next meeting

CNBC: Investing

As markets crater, traders and economists we talked to are worried the central bank is behind the curve.

Banking 137
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The News Movement Showed How Hard It Is to Profit From Gen Z on Social Media

The New York Times: Mergers, Acquisitions and Dive

The Washington Post is creating a division to find valuable audiences in new places. The C.E.O.’s last company shows that’s a tough road.

Media 125
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Third Circuit: Unsecured Claim for Royalties from Intellectual Property Purchased by Debtor Discharged Under Chapter 11 Plan

JD Supra: Mergers

Mitigating risk of loss associated with a bankruptcy filing should be an element of any commercial transaction, especially if it involves a sale or license of intellectual property rights. A ruling recently handed down by the U.S. Court of Appeals for the Third Circuit provides a stark reminder of the consequences of when it is not. In In re Mallinckrodt PLC, 99 F.4th 617 (3d Cir. 2024), the Third Circuit ruled that, in the absence of any security, a claim asserted by the seller of intellectual.

Sale 192
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Earnouts: Unusually Buyer-Friendly Language Defeats Plaintiff’s Claims

Deal Lawyers

In Fortis Advisors v. Medtronic Minimed, (Del. Ch.; 7/24), the Delaware Chancery Court dismissed claims by a sellers’ representative that the buyer wrongfully deprived the target’s former stockholders of a $100 million contingent milestone payment.

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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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Buy top tech stocks like Apple ahead of their results before it's too late, Bank of America says

CNBC: Investing

Bank of America likes these top tech stocks in advance of their earnings reports for the most recent quarter.

Banking 138
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Fed Will Scour Jobs Report for Signs of Weakness

The New York Times: Banking

Central bankers are preparing to cut interest rates, and are warily monitoring job data as they consider when and how much to lower them.

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3 Keys to Successful Corporate Collaborations

JD Supra: Mergers

Challenges arise any time two commercial entities seek to engage in a collaborative partnership. It is for that very reason that including an attorney team experienced in technology transactions, licensing, and intellectual property can prove critical. The right attorney team guides their clients around pitfalls and toward success. Such guidance is particularly critical with life sciences and technology innovators, but also for those in other industries, such as developers of products or.

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2024 DGCL Amendments: Drafting Tips for M&A Documents

Deal Lawyers

This recent Greenberg Traurig memo addresses the implications of the 2024 DGCL amendments that drafters of merger agreements, resolutions, and other corporate documents should keep in mind.

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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?