Sat.May 04, 2024 - Fri.May 10, 2024

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Infighting among fintech players has caused TabaPay to ‘pull out’ from buying bankrupt Synapse

TechCrunch: M&A

A dust-up between Evolve Bank & Trust, Mercury and Synapse has led TabaPay to abandon its acquisition plans of troubled banking-as-a-service startup Synapse. © 2024 TechCrunch. All rights reserved. For personal use only.

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[Audio] Episode 319 -- Deep Dive into SCG Plastics' $20 Million Settlement with OFAC for Violations of the Iran Sanctions Program

JD Supra: Mergers

OFAC is capable of extending a long-arm of enforcement, reaching sometimes non-U.S. companies that may “cause” another company to violate U.S. Sanctions laws. If you need to find an example of this long reach, look no further than OFAC’s recent settlement with SCG Plastics (“SCG”), in which SCG, a Thailand company, which sells plastic resins, agreed to pay $20 million for violations of the Iran Sanctions Program.

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Building Bridges, Closing Deals: Mastering Rapport & Zero Down Strategies w/ Matt Bodnar

How2Exit

b' E209: Building Bridges, Closing Deals: Mastering Rapport & Zero Down Strategies w/ Matt Bodnar - Watch Here rn rn About the Guest(s): rn Matt Bodnar is recognized as a rising star in the mergers and acquisitions space. With a background that includes working at Goldman Sachs and building his expertise in finance and deals, Matt transitioned into entrepreneurship by purchasing his first IT service business shortly after college.

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Private Equity: It Didn’t Start When We Think It Did

Deal Lawyers

If you’ve been reading this blog for a while, you know I’ve got a soft spot for M&A history. That’s why this CLS Blue Sky Blog discussing a new article on the history of private equity caught my eye.

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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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DocuSign acquires AI-powered contract management firm Lexion

TechCrunch: M&A

As DocuSign reportedly explores a sale to private equity, it’s acquiring a company itself. On Monday, DocuSign (which now prefers to go by Docusign, with a lowercase “S,” a PR rep from the company tells me) announced that it’s buying Lexion, a contract workflow automation startup, for $165 million. The purchase comes as DocuSign makes increasing investments […] © 2024 TechCrunch.

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Strategic Real Estate: Mergers, Acquisitions, and Business Roll-Ups for Maximum Return

How2Exit

b' E210: Strategic Real Estate: Mergers, Acquisitions, and Business Roll-Ups for Maximum Return - Watch Here rn rn About the Guest(s): rn Dan Taylor is an experienced professional specializing in real estate strategies that set him apart from conventional practices. He brings a wealth of knowledge in mergers, acquisitions, and business ownership, blending his passion for deal-making with real-life experiences to create a thriving career.

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Antitrust: FTC Votes Proposed Exxon Director Off the Island

Deal Lawyers

Earlier this week, the FTC entered into a consent decree with ExxonMobil allowing the company’s proposed acquisition of Pioneer Natural Resources to move forward. However, the FTC’s order included a novel term prohibiting ExxonMobil from honoring a commitment to appoint Pioneer’s founder and former CEO to its board.

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Buffett says Berkshire sold its entire Paramount stake: 'We lost quite a bit of money'

CNBC: Investing

"I was 100% responsible for the Paramount decision," Buffett said. "It was 100% my decision, and we've sold it all and we lost quite a bit of money.

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The FTC Requests More Info About Walmart’s $2.3 Billion Vizio Acquisition

JD Supra: Mergers

The deal is about data, advertising, and Amazon. The Federal Trade Commission (FTC) has kicked off an antitrust inquiry into Walmart Inc.’s proposed acquisition of smart TV company Vizio Inc., which the companies announced in February at a value of $2.3 billion.

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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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Judge Blocks New U.S. Rule Limiting Credit Card Late Fees

The New York Times: Banking

Set to take effect on Tuesday, the rule would save households $10 billion a year in “junk fees,” the Consumer Financial Protection Bureau said.

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AI: Using Natural Language Processing to Predict M&A Participants

Deal Lawyers

This recent SSC/Intralinks blog discusses how natural language processing (NLP), an AI-powered machine learning technology, may be about to transform M&A.

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Warren Buffett says AI scamming will be the next big 'growth industry'

CNBC: Investing

Artificial intelligence has both "enormous potential for good and enormous potential for harm," the investing guru said during Berkshire's annual meeting.

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Public Company Watch: April 2024

JD Supra: Mergers

In the April edition of our Public Company Watch, we cover key issues impacting public companies, including the SEC’s recent enforcement action regarding “AI Washing,” the SEC’s recent shadow trading case, proposed amendments to the DGCL in response to recent decisions in the Delaware Chancery Court, the ban on non-compete agreements issued by the FTC and other regulatory developments, among other topics.

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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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Why Higher Fed Rates Are Not Totally Off the Table

The New York Times: Banking

Fed officials still think their next move will be to cut rates, but they are not entirely ruling out the possibility that they might have to raise them.

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7th Cir. Fires Another Shot at Mootness Fee Awards

Deal Lawyers

The 7th Circuit was one of the first federal courts to take a dubious view of mootness fee awards in M&A disclosure litigation, and its decision last month in Alcarez v. Akorn, (7th. Cir; 4/24), suggests that the Court’s views haven’t mellowed with time.

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Berkshire cuts Apple investment by about 13%, Buffett hints that it's for tax reasons

CNBC: Investing

Berkshire reported that its Apple bet was worth $135.4 billion, implying around 790 million shares. That would mark a decline of around 13% in the stake.

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How Founders Can Get Paid (and Keep the Cash): A Practical Guide

JD Supra: Mergers

Understanding market trends and effective planning strategies can yield improved financial results for start-ups and growth companies. Starting your start-up. What type of entity you form impacts your taxes, which hits your bank account both immediately (quarterly taxes) and in the long term (at exit). A C Corporation(c-corp) is taxed on income (currently at historically low rates), and if income is paid to shareholders (as dividends), shareholders are also taxed.

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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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Sony and Apollo in Talks to Acquire Paramount

The New York Times: Mergers, Acquisitions and Dive

After letting exclusive talks with the movie studio Skydance lapse, Paramount’s directors met over the weekend and decided to negotiate with all the suitors.

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“Deja Vu All Over Again”: Delaware Supreme Court Overrules Chancery on Disclosure of Advisor Conflicts

Deal Lawyers

The Delaware Supreme Court doesn’t appear to be seeing eye-to-eye with the Chancery Court when it comes to disclosure of advisor conflicts.

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AI needs to keep cool—literally. That's driving demand for these infrastructure companies

CNBC: Investing

The advent of AI has sent demand for data centers skyrocketing, along with industrial components to keep all the AI chips from overheating.

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Is Your Compliance House In Order? Tips for Ensuring Private Equity and Portfolio Company Compliance in the Wake of the Recent Request for Information

JD Supra: Mergers

The recent Request for Information by the Federal Trade Commission (FTC), Department of Justice (DOJ) and Department of Health and Human Services (HHS) seeking input on the effects of private equity (PE) investment in the healthcare sector underscores the importance of an effective compliance program. The best way to limit your exposure as a PE firm is to avoid a compliance misstep in the first place.

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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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The Tragic Investment Banker Death: Should Senior Bankers Go to Jail for Killing Their Junior Staff?

Mergers and Inquisitions

In case you’ve been offline for the past few days, it has happened yet again: An investment banker has died on the job. You can read about it in various threads on Wall Street Oasis , Reddit , eFinancialCareers , LinkedIn, and more, so I won’t repeat the full details here. In short, this banker was an Associate in the FIG team at Bank of America and had a very accomplished track record before joining the firm.

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How 401(k) Drives Inequality

The New York Times: Banking

How an obscure, 45-year old tax change transformed retirement and left so many Americans out in the cold.

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This sector ETF that won big in April is set to outperform again after a pause, according to the charts

CNBC: Investing

The utilities sector was the only S&P 500 sector with a positive return in April, resulting in a bullish long-term momentum shift for the Utilities SPDR (XLU).

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AI and Tech in M&A: What to know about AI and tech advancements in M&A due diligence

JD Supra: Mergers

Many law firms have changed their transaction management processes significantly with recent advancements in technology, especially the development of artificial intelligence. AI and technology innovations have aided deal lawyers in various ways, but most commonly it’s being used in connection with contract review and dynamic closing checklists. Originally published in Smart Business - May 2024.

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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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Sony and Apollo’s Plan for Paramount: Break It Up

The New York Times: Mergers, Acquisitions and Dive

CBS and other well-known properties would be sold if Sony and Apollo were able to buy Paramount. But the new owners would keep the movie studio.

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INFRAM24: Measuring your IT strategy and capabilities to drive adoption and improve outcomes

Cisco: M&A

Learn about the enhancements made to the HIMSS Infrastructure Adoption Model (INFRAM), which now incorporates IT strategy and measures the impact of infrastructure investments on clinical outcomes and operations.

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Autos analysts pick who can survive China’s cut-throat EV market

CNBC: Investing

Analysts are coalescing around a few potential winners in China's car market after a 10-day auto show put ferocious competition on full display.

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