Sat.Oct 14, 2023 - Fri.Oct 20, 2023

article thumbnail

Was Loom’s $975M exit a fair price?

TechCrunch: M&A

When Atlassian announced it was buying Loom for $975 million last week, it turns out after close analysis that it was a good deal for all concerned. © 2023 TechCrunch. All rights reserved. For personal use only.

article thumbnail

European Commission Signals Increased Scrutiny in Semiconductors, AI, Quantum Technologies, and Biotechnologies

JD Supra: Mergers

On October 3, 2023, the European Commission ("Commission") unveiled a list of 10 technology areas qualified as "critical" to the European Union's ("EU") economic security, out of which four (Semiconductors, AI, Quantum Technologies, and Biotechnologies) are considered as highly likely to present the most sensitive and immediate risks related to Europe's technology security and technology leakage.

Economics 304
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Learn Lessons In Public Finance Industry…

H. Friedman Search

Firm Transitions We’re all talking about it! Why not explore the topic more thoroughly and what it really means to the public finance industry in general? If we must be to the point, it means very little. What’s the topic exactly? Firms are in transition again. Now, there are no knee-jerk reactions by other firms discussing their exit from the industry.

Finance 202
article thumbnail

Britain pulls rules aimed at applying lessons from Carillion, BHS, collapses

Global Banking & Finance

Britain pulls rules aimed at applying lessons from Carillion, BHS, collapses By Huw Jones LONDON (Reuters) – Britain on Monday unexpectedly scrapped “burdensome” draft rules is has already put to parliament for approval just 13 weeks ago to apply lessons from the collapse of builder Carillion and retailer BHS.

Trading 131
article thumbnail

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.

article thumbnail

French VC firm Founders Future just acquired an equity crowdfunding platform, Sowefund

TechCrunch: M&A

Here’s an interesting move. Founders Future, a well-known VC firm in the French tech ecosystem, acquired an equity crowdfunding marketplace called Sowefund. While terms of the deal remain undisclosed, Sowefund has been profitable since 2022 with around 20 employees. Following this move, Founders Future now has two separate yet complementary businesses.

Equities 240

More Trending

article thumbnail

China Bet It All on Real Estate. Now Its Economy Is Paying the Price.

The New York Times: Banking

After relying on a borrow-to-build model for decades, Beijing must make difficult choices about the country’s housing market and economic future.

Economics 131
article thumbnail

Dollar gains against yen, eases against euro

Global Banking & Finance

Dollar gains against yen, eases against euro By Karen Brettell NEW YORK (Reuters) – The dollar was mixed on Monday before a week heavy with speeches by Federal Reserve officials that will be watched for further clues on interest rate policy and as investors monitored developments in the Middle East.

Investors 130
article thumbnail

Patreon acquires livestream ticketed events startup Moment

TechCrunch: M&A

Patreon is acquiring Los Angeles-based livestream ticketed event platform Moment, the company announced on Tuesday. The financial terms of the deal were not disclosed. Patreon says the acquisition will give creators on its platform a new way to share their content through ticketed digital experiences. Launched in 2019, Moment was founded by Arjun Mehta, Nigel […] © 2023 TechCrunch.

article thumbnail

A Closer Look at the DOJ’s New M&A Safe Harbor Policy

JD Supra: Mergers

The Department of Justice announced for the first time a new safe harbor policy that will apply to mergers and acquisitions in cases where an acquiring company with an effective compliance program uncovers misconduct during the M&A process and discloses it in a timely manner.

M&A 196
article thumbnail

Goldman Sachs upgrades this homebuilder stock, says it can outperform despite higher mortgage rates

CNBC: Investing

This construction company's focus on sales volume could help push the stock higher as consumer affordability remains tight, Goldman Sachs says.

Stock 136
article thumbnail

China’s Nio considers tapping dealers to boost EV sales in Europe – sources

Global Banking & Finance

China’s Nio considers tapping dealers to boost EV sales in Europe – sources SHANGHAI (Reuters) -Chinese electric vehicle maker Nio is considering building a dealer network in Europe to speed up sales growth, three sources familiar with the matter said, even as China’s EVs face potential tariffs in the region.

Sale 128
article thumbnail

Rite Aid Files for Bankruptcy, Facing Slumping Sales and Opioid Suits

The New York Times: Mergers, Acquisitions and Dive

The pharmacy chain, one of the country’s largest, faces more than a thousand lawsuits that say it filled illegal prescriptions for painkillers.

Sale 138
article thumbnail

[Audio] Turning Radiation Oncology Challenges into Solutions: Kurt Sysock's RADformation

JD Supra: Mergers

In the world of radiation oncology, precision is paramount. Every millimeter matters when it comes to treating cancer patients with radiation therapy. But what happens when the very technology designed to save lives becomes a source of potential errors and inefficiency? Today, we're delving into the fascinating world of radiation oncology and the critical role technology plays in patient care.

IT 192
article thumbnail

A quantum leap in finance: How to boost Europe’s quantum technology industry

European Investment Bank

Quantum technologies offer a vision of a healthier, more sustainable and resilient Europe. They will one day enable disruptive innovations that could transform our societies, economies and almost all industries by solving problems that have eluded even our most powerful computers. From chemicals and life sciences to finance and renewable energy, quantum technologies can speed up the development of groundbreaking new products and improve the ways we do things now.

Finance 119
article thumbnail

UK mobile operator EE eyes growth with new retail platform

Global Banking & Finance

UK mobile operator EE eyes growth with new retail platform LONDON (Reuters) – EE, Britain’s biggest mobile operator, on Wednesday announced the launch of a sales platform called EE ID that will offer gaming consoles and other electronics to its customers and others.

Retail 126
article thumbnail

Bank of America says this brokerage stock is cheap and has 50% upside

CNBC: Investing

The bank is particularly bullish on the company's potential upside after it exceeded Wall Street's earnings expectations earlier this week.

Bank 129
article thumbnail

Clock is Ticking on New York's Non-Compete-Ban Bill

JD Supra: Mergers

While many in the antitrust community have been focused on the FTC’s proposed ban of non-competes, the states also have been active in this area. Earlier this year, the New York legislature passed a broad non-compete ban, which has been awaiting Governor Hochul’s approval for several months. Governor Hochul had expressed support for a non-compete ban applicable to workers who earn below the state median wage.

187
187
article thumbnail

The TRADE announces the Rising Stars of Trading and Execution 2023

The TRADE

For the first time, The TRADE is announcing the 2023 Rising Stars of Trading and Execution ahead of the gala awards ceremony, Leaders in Trading on 8 November. Now in its ninth year, the Rising Stars awards scheme, in partnership with Instinet, is designed to recognise the very best up-and-coming buy-side trading professionals, and to shine a spotlight on those who have the potential to be the future leaders of the buy-side community.

Trading 117
article thumbnail

Ad sales for Paris Olympics pace ahead of previous Games, NBCUniversal says

Global Banking & Finance

Ad sales for Paris Olympics pace ahead of previous Games, NBCUniversal says By Helen Coster NEW YORK (Reuters) – Total advertising sales for the Paris 2024 Summer Olympic and Paralympic Games are pacing ahead of where each of NBCUniversal’s previous Olympic and Paralympic Games were at this point in time, Dan Lovinger, NBCUniversal’s president of […]

Sale 126
article thumbnail

The chip stock is getting a ton of love from Wall Street, and it's not Nvidia

CNBC: Investing

This major chipmaker is getting a lot of love on Wall Street after reporting third-quarter earnings this week — and no, it's not Nvidia.

Stock 130
article thumbnail

DAG Monaco on Cooperation and Compliance Incentives for M&A

JD Supra: Mergers

Early in October at the 2023 SCCE Compliance and Ethics Institute, Deputy Attorney General Lisa Monaco delivered a long-anticipated speech expanding and formalizing the Department of Justice’s (DOJ’s) new Safe Harbor for mergers and acquisitions in the Foreign Corrupt Practice Act (FCPA) context.

article thumbnail

Hastings Equity expects to make add-on deals for utility consulting group Celerity

PE Hub

Hastings acquired Celerity Consulting Group in 2021 and added on Clear Path earlier in 2023. The post Hastings Equity expects to make add-on deals for utility consulting group Celerity appeared first on PE Hub.

Equities 111
article thumbnail

FTSE 100 climbs on pharma boost, UK CPI in focus

Global Banking & Finance

FTSE 100 climbs on pharma boost, UK CPI in focus By Khushi Singh and Bansari Mayur Kamdar (Reuters) -Britain’s FTSE 100 rose on Tuesday after latest figures showing a weakening labour market lifted investor sentiment ahead of highly awaited inflation data later this week. The blue-chip FTSE 100 gained 0.

Investors 126
article thumbnail

Citi cuts Nvidia price target on U.S. chip export restrictions to China

CNBC: Investing

Citi maintained its buy rating on the stock but lowered its price target on Nvidia to $575 from $630. That still implies 30.9% upside for the stock.

Stock 125
article thumbnail

DOJ Announces New Mergers & Acquisitions Safe Harbor Policy for Voluntary Self-Disclosures

JD Supra: Mergers

On October 4, Deputy Attorney General Lisa O. Monaco addressed the Society of Corporate Compliance and Ethics and announced a new Department-wide Mergers & Acquisition (M&A) Safe Harbor policy. According to the new policy, the US Department of Justice (DOJ) will presumptively decline to prosecute acquiring companies that promptly and voluntarily disclose any criminal misconduct within six months from the transaction closing date and fully remediate the misconduct within one year.

Mergers 177
article thumbnail

How sponsors can anticipate shocks affecting their portfolio companies

PE Hub

The key is to anticipate fallout quickly and accurately while clearly communicating any ramifications. The post How sponsors can anticipate shocks affecting their portfolio companies appeared first on PE Hub.

Portfolio 111
article thumbnail

Italy unveils tax-cutting 2024 budget amid debt worries

Global Banking & Finance

Italy unveils tax-cutting 2024 budget amid debt worries By Giuseppe Fonte and Gavin Jones ROME (Reuters) -Italy’s government on Monday approved a budget for next year with measures worth around 24 billion euros ($25.3 billion) in tax cuts and increased spending, despite market concerns over the country’s strained public finances.

Debt 126
article thumbnail

Cathie Wood says the bond market is key to a resurgence in her favorite innovation stocks

CNBC: Investing

Ark Invest's Cathie Wood said her innovation darlings are poised to lead the market once bonds start to rally and push interest rates lower.

Stock 128
article thumbnail

Slovak FDI regime: what does it mean for your M&A and banking deals?

JD Supra: Mergers

The Slovak FDI regime applies from 1 March 2023. What are the first impressions? The FDI Act dramatically expands the powers of certain Slovak authorities to scrutinise investments from the perspective of national security and public policy. As a result of this scrutiny, the authorities may either (i) clear (approve); (ii) clear with mitigation measures (such as divestments); or (iii) prohibit the scrutinised transactions.

M&A 167
article thumbnail

SEC adopts new short selling rule to bolster transparency for market participants

The TRADE

The US Securities and Exchange Commission (SEC) has adopted a new rule to bolster transparency to market participants through increased public availability of short sale related data. Named Rule 13f-2, the new rule will require institutional investment managers that meet or exceed specific thresholds to report short sale related information for equity securities through Form SHO.

Equities 109
article thumbnail

Automakers blast US plan to hike fuel efficiency rules

Global Banking & Finance

Automakers blast US plan to hike fuel efficiency rules By David Shepardson WASHINGTON (Reuters) -A group representing General Motors, Toyota Motor, Volkswagen and nearly all other major automakers on Monday sharply criticized the Biden administration proposal to drastically hike fuel efficiency requirements.

124
124
article thumbnail

Goldman Sachs sees demand for tech products driving this retail stock up 20%

CNBC: Investing

This retailer's stock valuation isn't discounting the potential for a "demand inflection" next year, Goldman Sachs says.

Stock 125
article thumbnail

Embracing legal tech: A game-changer for IPO success

JD Supra: Mergers

This tech-driven approach is not just an option; it's a necessity. Michael Bloch, Partner at A&O, explains, "IPOs are incredibly complex, but we are exploring ways to make them less painful for everyone involved through the adoption of legal tech.".

IPO 167