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BlackBerry sells Cylance for $160M, a fraction of the $1.4B it paid in 2018

TechCrunch: M&A

billion BlackBerry paid to acquire the startup in 2018. Arctic Wolf has acquired Cylance, BlackBerry’s beleaguered cybersecurity business, for $160 million a significant discount from the $1.4

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Pressure Mounts for Broader Regulatory Oversight of Defense Industry Mergers

JD Supra: Mergers

The Department of Defense assessed an average of about 40 defense-related mergers and acquisitions each year from 2018 to 2022, a small portion of the roughly 400 defense mergers estimated to occur annually, according to a report from the Government Accountability Office (GAO). By: Goodwin

Mergers 159
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Who Sins Most? The Tempter or the Tempted?—Court of Chancery Allocates Equal Fault Among Acquirer and Target Officers in Merger Dispute

JD Supra: Mergers

Merger Litigation, C.A. 2018-0484-JTL, the Delaware Court of Chancery allocated liability among two sell-side officers and a third-party acquirer under the Delaware Uniform Contribution Among Tortfeasors Act (DUCATA). In In re Columbia Pipeline Group, Inc.

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Chancery Determines Pharmaceutical Company Complied with Merger Agreement’s Requirement To Use Commercially Reasonable Efforts

JD Supra: Mergers

2018-0075-SG (Del. Cephalon, Inc., 30, 2024) - Stockholder representatives of an acquired corporation brought claims alleging that defendants had failed to use contractually-required commercially reasonable efforts to commercialize an acquired drug asset for a particular use. By: Morris James LLP

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In a slow year for enterprise tech M&A, there were few standout deals

TechCrunch: M&A

It was a slow year in enterprise technology M&A, and the total was the second lowest since we started compiling the data in 2018. © 2023 TechCrunch. All rights reserved. For personal use only.

M&A 262
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Chancery Addresses Acquirer’s Request For Joint Tortfeasor Settlement Credit

JD Supra: Mergers

Merger Litig., 2018-0484-JTL (Del. In re Columbia Pipeline Grp. May 15, 2024) - In this post-trial decision, the Court addressed an acquirer’s responsibility for damages suffered by a stockholder class when the acquirer had been found liable for aiding and abetting breaches of fiduciary duties by certain of the target’s officers.

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Web3 investment firm Borderless Capital acquires CTF Capital to bring AI and quant expertise

TechCrunch: M&A

The deal marks Borderless’ first acquisition since its inception in 2018. […] © 2024 TechCrunch. The financial details of the deal were not disclosed. All rights reserved. For personal use only.

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