Sat.Oct 07, 2023 - Fri.Oct 13, 2023

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Canadian Mergers & Acquisitions: A Guide for Investment Banks, Bidders and Boards, 10th edition

JD Supra: Mergers

Davies’ Canadian Mergers & Acquisitions guide draws on our substantial cross-border M&A experience to offer guidance on both the legal framework and practical aspects of Canadian mergers and acquisitions, including critical tax and regulatory considerations. Please see full Guide below for more information.

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Atlassian to acquire former unicorn Loom for $975M

TechCrunch: M&A

Atlassian announced this morning that it is acquiring video messaging service Loom for $975 million, the same company that had a $1.53 billion valuation in May 2021 when it announced a $130 million Series C. That was when companies were still thinking about all work being cloud-based and the future looked oh so bright. As […] © 2023 TechCrunch.

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Exxon Acquires Pioneer Natural Resources for $60 Billion

The New York Times: Mergers, Acquisitions and Dive

The acquisition of Pioneer Natural Resources, Exxon’s largest since its merger with Mobil in 1999, is a bet that U.S. energy policy will not move against fossil fuels in a major way.

Mergers 138
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First base for your gen AI journey? Could be efficiency

Accenture Capital Markets

In my previous blog in this short series on generative AI in capital markets, I gave my perspective on why gen AI is so game-changing for our industry. From the highest level, using gen AI to drive efficiencies could help firms to respond to some of the bigger global macroeconomic challenges currently confronting the industry—not least inflationary and economic headwinds as these shifts may also demand firms to undertake cost transformation programs as part of what Accenture calls Total Enterpri

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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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Safe Harbor in the Coming Enforcement Storm? DOJ Announces New M&A Policy to Encourage Compliance

JD Supra: Mergers

On October 4, 2023, Deputy Attorney General Lisa Monaco (the “DAG”) announced a new Mergers & Acquisitions (“M&A”) Safe Harbor Policy issued by the Department of Justice (“DOJ”) as part of her comments detailing increased enforcement efforts of national security related corporate crime and DOJ’s efforts to incentivize stronger compliance efforts.

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Microsoft Closes $69 Billion Activision Blizzard Deal

The New York Times: Mergers, Acquisitions and Dive

The megadeal could strengthen Microsoft’s standing in the video game industry, after a year and a half of negotiations with regulators around the world.

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Warren Buffett on what to do during price swings — 'Volatility is a huge plus to the real investor'

CNBC: Investing

The Berkshire Hathaway CEO believes volatility shouldn't matter to those who view their equity stakes as small pieces of businesses.

Investors 145
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To Self-Report or Not to Self-Report: With New M&A Safe Harbor Policy, DOJ Tries to Answer the Question

JD Supra: Mergers

It is one of the hardest questions a company can face: after discovering criminal conduct inside your company, do you self-report to the government or not? If you can quickly and quietly fix the problem, then you may be able to fully remediate the issue and avoid any negative publicity or government involvement.

M&A 175
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Block acquires music financial services startup Hifi

TechCrunch: M&A

Block, the Jack Dorsey-founded fintech company previously known as Square, has acquired Hifi, a music-focused fintech startup. The company declined to share deal terms. Hifi founder and CEO Damian Manning announced the news in a LinkedIn post yesterday. The company also updated its website, which states that it’s joining Block to “further our shared purpose […] © 2023 TechCrunch.

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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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Africa Needs Its Debts Paused So It Can Prepare for Climate Catastrophe

The New York Times: Banking

Instead of receiving funds to address the climate crisis, Africa is borrowing money at a cost up to eight times higher than the rich world to rebuild.

Debt 132
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There's a 'good likelihood' that the market bottom is in, Fundstrat says

CNBC: Investing

"There's a good likelihood that Equity market lows could be in place after the constructive bounce in recent days," wrote Mark Newton of Fundstrat.

Equities 123
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Understanding the Differences in the Enforcement of Arbitration Awards and Expert Determinations

JD Supra: Mergers

Is there a difference in enforcement between an arbitration award and an expert determination pursuant to a contract? The answer is yes, according to a recent ruling by the 3rd Circuit U.S. Court of Appeals that includes important lessons for those drafting arbitration provisions.

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CRED in talks to acquire mutual fund startup Kuvera

TechCrunch: M&A

CRED is in talks to acquire Kuvera, a startup that operates an online wealth management platform, a source familiar with the matter told TechCrunch, in what is a sign of the Indian fintech giant’s growing interest in the lucrative category of stock investments and mutual funds. The acquisition deliberations are ongoing and a deal could […] © 2023 TechCrunch.

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How Embedded Analytics Gets You to Market Faster with a SAAS Offering

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.

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Cboe Global Markets appoints new head of derivatives

The TRADE

Cboe Global Markets has appointed Catherine Clay as global head of derivatives as part of new senior leadership changes made by the firm to support growth strategies. Clay previously served as global head of data and access solutions and digital and will now oversee Cboe’s global derivatives business. This will include futures and options markets in the US and Europe, alongside globally traded proprietary products including S&P 500 Index option and VIX franchises.

S&P 116
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JPMorgan says the peak in yields is near, but it won't be good for stocks

CNBC: Investing

The Wall Street bank said equity investors should remain wary as company earnings and a weakening macroeconomic picture may continue to pressure stocks.

Stock 128
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DOJ Announces New Safe Harbor Policy for Reporting of Misconduct in Connection With M&A Transactions

JD Supra: Mergers

On Oct. 4, Deputy Attorney General Lisa Monaco (DAG Monaco) announced a new safe harbor policy for voluntary self-disclosures made in connection with mergers and acquisitions (the Safe Harbor Policy). At the outset of her speech, DAG Monaco recognized that there has been a rapid expansion of national security-related corporate crime.

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Arctic Wolf acquires cybersecurity automation platform Revelstoke

TechCrunch: M&A

Arctic Wolf, a cybersecurity company that’s raised hundreds of millions of dollars in debt and equity, today announced that it plans to acquire Revelstoke, a company developing a security orchestration, automation and response (SOAR) platform, for an undisclosed amount.

Debt 237
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Embedding BI: Architectural Considerations and Technical Requirements

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.

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Why Cashing Savings Bonds Has Become So Hard

The New York Times: Banking

Citing potential fraud, banks are making it increasingly difficult to pay out savings bonds. An unlikely beneficiary is the federal government.

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Stocks to bet on China’s economic future after the real estate pain ends

CNBC: Investing

Bernstein and others make the argument that China isn't headed for Japan's "lost decades." The country may just be in a period of transition.

Economics 118
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Haemonetics Corporation Acquires OpSens, Inc.

JD Supra: Mergers

Haemonetics Corporation announced on October 10th that it would be acquiring OpSens, Inc. The deal between the companies is expected to close by the end of January 2024, according to the press release.

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Why Microsoft had to relinquish Activision’s cloud-gaming rights outside Europe

TechCrunch: M&A

Microsoft has finally done it — nearly two years after the Xbox-maker first revealed plans to acquire gaming giant Activision Blizzard in a mammoth $68.7 billion deal, it has managed to secure U.K. regulatory clearance, meaning that Activision will now be a fully fledged subsidiary. But the antitrust clearance comes with one notable caveat. For […] © 2023 TechCrunch.

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How to Leverage AI for Actionable Insights in BI, Data, and Analytics

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.

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How One Tiny Island Nation Is Replacing Fossil Fuels With Renewable Power

The New York Times: Banking

Countries like the Maldives want to move away from fossil fuels but have been stymied by the high cost of solar projects.

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Cathie Wood says AI is highly deflationary and her top picks include Twilio and UiPath

CNBC: Investing

"AI is going to lead to one of the biggest improvements in productivity … which is highly anti-inflationary," Wood said at CNBC's Financial Advisor Summit.

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[Audio] Hear Lisa Monaco's Announcement of M&A Leniency Policy

JD Supra: Mergers

On October 4, 2023 at the Society of Corporate Compliance and Ethics' Compliance & Ethics Institute in Chicago, US Deputy Attorney General Lia A. Monaco spoke live from Washington to the attendees and used this opportunity to announce a new Safe Harbor Policy for voluntary self-disclosures made in the context of the merger and acquisition process.

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AMD acquires Nod.ai to bolsters its AI software ecosystem

TechCrunch: M&A

AMD yesterday acquired Nod.ai, an open source AI software provider, as the chipmaker looks to bolster its efforts to build an ecosystem of AI development tools, libraries and models around its hardware. The acquisition is expected to close this quarter, CNBC reports. AMD didn’t disclose the details of the transaction.

IT 227
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Embedded Analytics Insights for 2024

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.

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Microsoft completes $69bn deal to buy Call of Duty maker Activision Blizzard

The Guardian: Mergers & Acquisitions

Completion of sale follows regulator’s decision to allow it after competition concerns were addressed Microsoft has completed its $69bn (£57bn) deal to buy Activision Blizzard, the maker of games including Call of Duty and World of Warcraft, after the UK’s competition watchdog cleared the acquisition. The Competition and Markets Authority (CMA) had moved to block the deal in April , citing concerns that Microsoft – the maker of the Xbox gaming console – would dominate the nascent cloud gaming ma

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Bank of America sees risks for employers as insurance coverage of weight loss drugs grows

CNBC: Investing

The eye-popping predictions for weight loss drug sales hinge on insurance coverage of the pricey treatments, and momentum seems to be building on that front.

Insurance 115
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DOJ Extends Voluntary Disclosure Benefits to Merger and Acquisitions

JD Supra: Mergers

As part of its continuing effort to encourage corporate voluntary disclosures, the Department of Justice announced revised voluntary disclosure policies applicable to mergers and acquisitions. In a speech at the recent annual Society of Corporate Compliance and Ethics annual meeting in Chicago, Lisa Monaco, Deputy Attorney General, outlined the new voluntary disclosure policies.