2024

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The banks that loaned Musk $13B to buy Twitter might be having regrets

TechCrunch: M&A

X, the social network formerly known as Twitter, looks like a pretty bad investment right about now. As readers might recall, billionaire Elon Musk borrowed $13 billion from Morgan Stanley, Bank of America and five other major banks to help finance the $44 billion acquisition of Twitter, as it was then called. According to the […] © 2024 TechCrunch.

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Luxury and ESG: Navigating the New EU Legal Landscape in the Fashion and Luxury Goods Industry

JD Supra: Mergers

Due to the increased importance of sustainability, environmental protection and social factors in recent years, the luxury industry has found itself at a crossroads of tradition and transformation. Once characterized primarily by exclusivity, creativity, craftmanship and heritage, the sector is now increasingly influenced by the global push towards a sustainable lifestyle and ethical practices.

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Nvidia is a no-go for over half of this ultra-rich club's members with assets worth $165 billion

CNBC: Investing

Over half of Tiger 21's members don't invest in Nvidia, according to a recent asset allocation report released by the network of ultra high net worth investors.

Investors 140
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Fed Chair Powell Signals Interest Rate Cuts in Jackson Hole Speech

The New York Times: Banking

Jerome H. Powell used a speech in Jackson Hole to signal that the Federal Reserve will begin to cut rates on Sept. 18, and to voice wariness about the job market.

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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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7-Eleven Is a Hard Target for Couche-Tard to Land in Takeover Bid

The New York Times: Mergers, Acquisitions and Dive

Convenience stores are a part of the country’s culture, meaning that the foreign buyout bid for 7-Eleven, the largest chain, could be a hard sell in Japan.

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Investing in Tomorrow: Lifetime Value of Financial Education in High School

Tyton Partners

Investing in Tomorrow: Lifetime Value of Financial Education in High School Tyton Partners’ 2024 Investing in Tomorrow research publication focuses on how schools, K-12 providers, and state and local agencies can positively influence the lasting impact of high school financial education on students’ future financial well-being. In March 2023, only 24% of United States high school students were guaranteed that they would take a one semester course in personal finance.

Education 140
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Execution of Definitive Agreement to Acquire up to 67% of Giraffe Energy – Expansion of Orange Basin Platform in Namibia & Creation of Community Trust

Global Newswire by Notified: M&A

TORONTO, April 24, 2024 (GLOBE NEWSWIRE) -- Sintana Energy Inc. (TSX-V: SEI, OTCQB: SEUSF) (“ Sintana ” or the “ Company ”) is pleased to announce that it has entered into a definitive agreement dated effective April 24 th , 2024 with Crown Energy (Pty) Ltd. (“ Crown Energy ”), a private Namibian company providing for the acquisition (the “ Acquisition ”) by the Company from Crown of up to 67% of the issued and outstanding shares of Giraffe Energy Investments (Pty) Ltd. (“ Giraffe ”).

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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.

IT 352
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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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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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Salesforce acquires data management firm Own for $1.9B in cash

TechCrunch: M&A

Salesforce has acquired Own Company, a New Jersey-based provider of data management and protection solutions, for $1.9 billion in cash. Own is Salesforce’s biggest deal since buying Slack for $27.7 billion in 2021. The company reportedly considered — but ultimately decided against — purchasing data management software firm Informatica earlier this year.

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[Audio] The Power of Genuine Networking for Entrepreneurs With OneSixOne Ventures” with Pablo Casilimas and Justis Mendez

JD Supra: Mergers

How integral are networking and community-building to becoming a successful entrepreneur? Pablo Casilimas and Justis Mendez of OneSixOne Ventures join Founder Shares to discuss how they harnessed the power of these strategies to jumpstart their venture capital firm and connect founders and funders. Listen as they share some of the most useful insights, they gained from hosting highly curated programs and events in different cities across the country and hosting a virtual accelerator program that

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SAP to acquire digital adoption platform WalkMe for $1.5B

TechCrunch: M&A

SAP sees WalkMe's focus on automating contextual, in-app support as bringing value to its own enterprise customers. © 2024 TechCrunch. All rights reserved. For personal use only.

IT 338
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Nvidia acquires AI workload management startup Run:ai for $700M, sources say

TechCrunch: M&A

Nvidia is acquiring Run:ai, a Tel Aviv-based company that makes it easier for developers and operations teams to manage and optimize their AI hardware infrastructure. Terms of the deal aren’t being disclosed publicly, but two sources close to the matter tell TechCrunch that the price tag was $700 million. CTech reported earlier this morning the […] © 2024 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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Australia’s proposed mandatory merger notification thresholds announced

JD Supra: Mergers

On Friday 30 August 2024 the Australian Government released its much-anticipated proposed mandatory merger notification thresholds, marking a significant milestone in Australia’s shift to a mandatory merger regime. The thresholds for Australia's proposed mandatory and suspensory regime have been released and will be open for public consultation until 20 September 2024.

Mergers 291
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Closing with Confidence: Representations and Warranties Insurance in M&A

JD Supra: Mergers

Representations and warranties insurance (RWI) has become an increasingly common feature in mergers and acquisitions (M&A) transactions, serving as a risk management tool for both buyers and sellers. RWI facilitates deal-making by offering protection against financial losses arising from breaches or inaccuracies of the representations and warranties made by the seller in the transaction documents, which are often a contentiously negotiated aspect of a purchase agreement.

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Yahoo is acquiring Instagram co-founders’ AI-powered news startup Artifact

TechCrunch: M&A

Yahoo is acquiring Artifact, the AI-powered news app from Instagram’s co-founders Kevin Systrom and Mike Krieger, the company announced on Tuesday. The financial terms of the deal were not disclosed. Artifact will no longer operate as a stand-alone app, and its AI-powered personalization technology will be integrated across Yahoo, including the Yahoo News app in […] © 2024 TechCrunch.

IT 346
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Trademarks as Assets: Selecting or Changing a Mark in the United States

JD Supra: Mergers

As part of our series on trademarks as critical assets for businesses, this article discusses the importance of selecting and clearing a new or altered trademark for use and registration in the United States. Trademark selection and clearance are essential steps for avoiding costly and time-consuming disputes, securing exclusive rights, and building a strong brand identity.

Business 297
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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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From InstaDeep to Paystack: Here are Africa’s biggest startup exits and how much they raised

TechCrunch: M&A

As we continue to monitor the growth of Africa's tech ecosystem, it’s essential to highlight and analyze the biggest disclosed acquisitions. © 2024 TechCrunch. All rights reserved. For personal use only.

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Goldman tells clients to go for gold, likes metal amid geopolitical risk, rate cuts

CNBC: Investing

Gold futures have surged nearly 22% this year, with the precious metal poised to rally even more when the Federal Reserve starts cutting interest rates.

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Why It’s So Hard for China to Fix Its Ailing Economy

The New York Times: Banking

A real estate collapse has made consumers cautious and businesses wary, as China confronts a crisis unlike any other since it opened its economy to the world.

IT 137
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Traders are confident Nvidia stock will rise after earnings, according to options market

CNBC: Investing

Nvidia is set to report its latest results Aug. 28, and the numbers could serve as a gut check not only for the chipmaker, but also for the entire stock market.

Stock 143
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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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America Must Free Itself from the Tyranny of the Penny

The New York Times: Banking

Few things symbolize our national dysfunction as much as this accursed coin, which we mint by the millions because it’s too worthless to spend.

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Africa’s Debt Crisis Has ‘Catastrophic Implications’ for the World

The New York Times: Banking

Crushing obligations to foreign creditors that have few precedents have sapped numerous African nations of growth and stoked social instability.

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7-Eleven Rejects Takeover Bid From Big Canadian Chain

The New York Times: Mergers, Acquisitions and Dive

Japan’s Seven & i Holdings, the operator of 7-Eleven, has rebuffed a buyout offer that would have been the largest foreign-led acquisition of a Japanese company.

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TikTok 'finfluencers' accurately called the AI rally, but credibility concerns dog them

CNBC: Investing

Experts warned against trusting advice from these finfluencers, but agreed that they provide a first step to promote investing awareness among young investors.

Investors 140
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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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Bank of America says Nvidia is a buy, near the cheapest in 5 years

CNBC: Investing

Shares of Nvidia have pulled back 14% in the past quarter, opening up an attractive entry point for investors, Bank of America said.

Bank 139
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A Trial Asks: If Grocery Rivals Merge, Do Workers Suffer?

The New York Times: Mergers, Acquisitions and Dive

As Kroger seeks to acquire Albertsons, federal regulators argue that the biggest supermarket combination in history will hurt not only consumers, but workers as well.

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Berkshire Hathaway's new stock pick Ulta Beauty is a classic value play after a 30% sell-off

CNBC: Investing

Many view Berkshire's Ulta buy as a classic value bet after the stock suffered a big sell-off this year amid slowing demand and increased competition.

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