Thu.Oct 12, 2023

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Atlassian to acquire former unicorn Loom for $975M

TechCrunch: M&A

Atlassian announced this morning that it is acquiring video messaging service Loom for $975 million, the same company that had a $1.53 billion valuation in May 2021 when it announced a $130 million Series C. That was when companies were still thinking about all work being cloud-based and the future looked oh so bright. As […] © 2023 TechCrunch.

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[Audio] Hear Lisa Monaco's Announcement of M&A Leniency Policy

JD Supra: Mergers

On October 4, 2023 at the Society of Corporate Compliance and Ethics' Compliance & Ethics Institute in Chicago, US Deputy Attorney General Lia A. Monaco spoke live from Washington to the attendees and used this opportunity to announce a new Safe Harbor Policy for voluntary self-disclosures made in the context of the merger and acquisition process.

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It’s official: Microsoft closes $68.7B Activision Blizzard acquisition as UK approves restructured deal

TechCrunch: M&A

After a prolonged antitrust tussle, Microsoft’s near-two-year attempt to buy gaming giant Activision is finally happening, after the U.K.’s Competition and Markets Authority (CMA) accepted a restructured proposal that addresses the CMA’s concerns about Microsoft dominating the cloud gaming market. The crux of Microsoft’s concession to get the deal over the line lies squarely in […] © 2023 TechCrunch.

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EU FSR – the notification regime begins; what does it mean for private equity investors?

JD Supra: Mergers

The EU is concerned about subsidies granted by non-EU countries to businesses active in the EU, that could distort competition in EU markets. The Foreign Subsidies Regulation (FSR) establishes a new regime, enforced by the European Commission (EC), to regulate such subsidies. Importantly, it introduces a suspensory notification obligation for certain M&A transactions and joint ventures – including transactions that have not received any subsidies from foreign governments.

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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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Block acquires music financial services startup Hifi

TechCrunch: M&A

Block, the Jack Dorsey-founded fintech company previously known as Square, has acquired Hifi, a music-focused fintech startup. The company declined to share deal terms. Hifi founder and CEO Damian Manning announced the news in a LinkedIn post yesterday. The company also updated its website, which states that it’s joining Block to “further our shared purpose […] © 2023 TechCrunch.

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DOJ Announces Mergers & Acquisitions Safe Harbor Policy

JD Supra: Mergers

The Department of Justice (DOJ) announced last week the advent of a new safe harbor for companies that discover wrongdoing by the acquired business in the course of an M&A transaction. Buyers hoping to take advantage of this avenue for leniency would be well-advised to conduct thorough diligence and act quickly to report any wrongdoing they uncover, as the potential upsides for those who do so may be considerable in light of the DOJ’s new policy.

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Notification Obligations Under the EU Foreign Subsidies Regulation Enter into Force Today

JD Supra: Mergers

The obligation under the EU Foreign Subsidies Regulation (FSR)[1] to report M&A transactions involving parties which have benefited from foreign financial contributions enters into force today. This creates an additional layer of regulatory scrutiny and potential need for transaction conditionality beyond merger control and foreign direct investment scrutiny.

M&A 161
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Mastering Technology Due Diligence and Integrations

Midaxo

During a live Q&A in September — 7 Tips and Tricks for Successful Technology Due Diligence and Integrations — Mart Lumeste, Co-Founder of Intium Tech covered the challenges and best practices for creating technology integration playbooks, managing technical teams post-acquisition, and integrating technologies post-merger. In this follow-up blog post, we’ll outline key takeaways and provide additional insights from questions cut for time to help you master these critical processes.

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Mandatory Notification Obligations Under the EU’s Foreign Subsidies Regulation Kick In: Are You Ready?

JD Supra: Mergers

Starting today, October 12, 2023, the mandatory notification requirements under the EU’s Foreign Subsidies Regulation (FSR) apply. M&A deals involving businesses that (i) have been granted certain levels of financial support from non-EU governments and (ii) meet prescribed financial thresholds must now be notified, assessed and cleared before the transactions can close.

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Bank of America upgrades Target, says shares look attractive after recent pullback

CNBC: Investing

The recent pullback in Target's stock creates an attractive entry point to snatch up shares, according to Bank of America.

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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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EU FSR – the notification regime begins; what does it mean for infrastructure investors?

JD Supra: Mergers

The EU is concerned about subsidies granted by non-EU countries to businesses active in the EU that could distort competition in EU markets. The Foreign Subsidies Regulation (FSR) establishes a new suspensory notification obligation for certain M&A transactions, joint ventures, public procurements and utilities procurements – even transactions and procurements that have not received any subsidies from foreign governments.

Investors 161
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Here are Thursday's biggest analyst calls: Target, First Solar, Ford, Netflix, Amazon, Spotify, Exxon Mobil and more

CNBC: Investing

Here are Thursday's biggest calls on Wall Street.

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Regulation Round Up - September 2023

JD Supra: Mergers

Welcome to the UK Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation.

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Cathie Wood says AI is highly deflationary and her top picks include Twilio and UiPath

CNBC: Investing

"AI is going to lead to one of the biggest improvements in productivity … which is highly anti-inflationary," Wood said at CNBC's Financial Advisor Summit.

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Enhance Customer Value: Unleash Your Data’s Potential

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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Are Partner Retirement or Withdrawal Provisions in Governing Documents Subject to Section 409A of the Internal Revenue Code?

JD Supra: Mergers

As part of our ongoing series on tax issues for accounting firms, this article provides information on retirement or deferred compensation arrangements, the related rules of Section 409A of the Internal Revenue Code, and how these issues may impact M&A deal structures and negotiations.

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JPMorgan says this struggling clean energy play may have finally bottomed, sees nearly 60% upside

CNBC: Investing

JPMorgan is bullish on the company's long-term outlook despite short-term challenges.

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DOJ Announces Safe Harbor Policy for Voluntary Self-Disclosures in Mergers and Acquisitions

JD Supra: Mergers

Under a new U.S. Department of Justice ("DOJ") policy related to mergers and acquisitions ("M&A"), DOJ will decline to prosecute an acquiring company for misconduct by an acquired company where the acquiring company timely and voluntarily self-discloses the wrongdoing, cooperates, and remediates.

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Which stocks might be disrupted next by Ozempic and other GLP-1 drugs

CNBC: Investing

GLP-1 medications could have far-reaching implications for a wide variety of conditions, from liver disease to sleep apnea to heart disease.

Medical 116
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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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SIX expands cloud connectivity offering with Megaport

The TRADE

SIX has launched SIX Connect, an expansion of its cloud connectivity offering which leverages network-as-a-service provider, Megaport’s reach. Megaport offers scalable bandwidth for both public and private cloud connections and from today, SIX’s offering will provide private access to its data services via any major public cloud provider. The launch forms part of SIX’s wider strategy to deliver clients flexible data access.

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Morgan Stanley names this music stock a top pick, cites rising engagement and the industry's superstar year

CNBC: Investing

The gold rush in 2023 for Taylor Swift and Beyoncé's music should continue to bode well for shares of this music streaming stock, according to Morgan Stanley.

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Disclosure Schedules: Del. Supreme Court Affirms Chancery Ruling in Williams Cos. Case

Deal Lawyers

Earlier this week, in The Williams Companies v. Energy Transfer Equity, (Del.; 10/23), the Delaware Supreme Court affirmed a prior Chancery Court decision finding that ETE had breached its merger agreement with Williams and ordering it to pay a $410 million breakup fee.

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These 3 bank stocks are Wall Street's favorites heading into earnings reports for the industry

CNBC: Investing

Banks have been feeling the pressure against the backdrop of higher interest rates, but these three names could emerge as winners this earnings season.

Bank 116
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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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SOME Opens Roberts Residences, A New Affordable Housing Building In Northeast Washington

Global Newswire by Notified: M&A

WASHINGTON, Oct. 12, 2023 (GLOBE NEWSWIRE) -- On Thursday, Oct. 12, 2023, SOME (So Others Might Eat), a DC-based nonprofit focused on combating poverty and homelessness, unveiled its newest addition to the D.C. skyline with the official opening of Roberts Residences at 1515 North Capitol Street NE.

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Barclays upgrades this solar stock trading at a discount to peers

CNBC: Investing

Investors should consider taking a look at this solar stock trading at a discount to its peers, Barclays says.

Trading 114
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Partner Summit 2023 – Powering up for Profitability and Growth in EMEA!

Cisco: M&A

Last year’s Cisco Partner Summit was fantastic, and I really enjoyed presenting about how my team is driving improvements in the way Cisco and our Partners work together.

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Truist upgrades Exxon Mobil, cites long-term benefits from Pioneer acquisition

CNBC: Investing

Truist is finding several positives in Exxon Mobil's deal to buy Pioneer Natural Resources.

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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 Restaurant Group to go private after accepting £506m takeover bid

The Guardian: Mergers & Acquisitions

Operator of more than 400 UK outlets plans to recommend Apollo’s latest offer to its shareholders The owner of Frankie & Benny’s and Wagamama will be taken private after it accepted a £506m takeover offer from the US buyout group Apollo. The Restaurant Group (TRG), which operates more than 400 outlets in the UK, said it had initially rebuffed an offer from Apollo but that further negotiations had finally resulted in an “appropriate” offer of 65p a share.

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Starboard Value's Jeff Smith says companies are more receptive to activists like him

CNBC: Investing

Starboard Value's Jeffrey Smith, one of the busiest activist investors for two decades, said companies have grown more receptive to voices like him.

Investors 107
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TriWest Capital Partners sells Zytech Building Systems to Rona

PE Hub

ZyTech is a Balzac, Alberta-based designer, manufacturer and distributor of building materials for the construction industry. The post TriWest Capital Partners sells Zytech Building Systems to Rona appeared first on PE Hub.

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Get tax-exempt income on the cheap as bond shake-up hits munis

CNBC: Investing

A decline in bond prices could mean this is a great opportunity to snap up tax-exempt municipal bonds.

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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?