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Hopin, the struggling virtual conference unicorn, sells events and engagement units to RingCentral

TechCrunch: M&A

Hopin , the virtual events startup that saw its star (and valuation) rise quickly during the COVID-19 pandemic, is most definitely coming down to earth. Today the company announced that it has sold its Events and Session business units to RingCentral for an undisclosed sum.

Business 235
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'Baby steps' or 'impressive': Wall Street breaks down Tesla's robotaxi launch event

CNBC: Investing

The event is considered a major milestone as some have pointed to driverless cars as the future of the business, which they in turn say makes the stock worthy of lofty valuations. Tesla shares jumped nearly 10% in Monday morning trading as investors reacted to the event. Service Area."

Stock 82
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Snap acquires Saturn, a social calendar app for high school and college students

TechCrunch: M&A

Techcrunch event Save $200+ on your TechCrunch All Stage pass Build smarter. Snap believes that Saturn has built its success by turning scheduling into a more engaging and dynamic experience. The two companies will work together to foster more real-world connections, Snap says. Scale faster. Connect deeper.

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07-11-2023 Newsletter: Diversity Events at Megafunds Have Started…

OfficeHours

Hey All — Rohit here and it’s been a busy couple of days – word has gotten out about Diversity Events at Megafunds already starting for On-Cycle 2025… needless to say we’ve been pretty swamped with inbounds and LOTS of calls happening. Are you attending any PE On-Cycle Diversity Events in the coming weeks?

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Legal software company Clio drops $1B on law data giant vLex

TechCrunch: M&A

The announcement comes about a year after Clio’s massive $900 million funding round, which nearly doubled the Vancouver, British Columbia-based company’s valuation from $1.6 Techcrunch event Save $450 on your TechCrunch All Stage pass Build smarter. billion in 2021 to $3 billion. Scale faster. Connect deeper.

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A less risky way to bet on a chip stock with a reasonable valuation ahead of earnings

CNBC: Investing

Event-driven trading is a strategy used by traders to speculate on price movements resulting from significant events.

Valuation 117
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Event-Driven Hedge Funds: The Best Home for Bankers Turned Investors?

Mergers and Inquisitions

Event-driven hedge funds” is one of the more confusing labels in finance. Part of the issue is that many different strategies fall within the “event-driven” category: merger arbitrage , activist investing , distressed investing, special situations, and more. By contrast, an event-driven fund would never bet on such a situation.

Funds 64