Tue.Nov 12, 2024

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Red Hat is acquiring AI optimization startup Neural Magic

TechCrunch: M&A

Red Hat, the IBM-owned open source software firm, is acquiring Neural Magic, a startup that optimizes AI models to run faster on commodity processors and GPUs. The terms of the deal weren’t disclosed. MIT research scientist Alex Matveev and professor Nir Shavit founded Somerville, Massachusetts-based Neural Magic in 2018, inspired by their work in high-performance […] © 2024 TechCrunch.

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UK guidance on acquisitions and increases in control in PRA and FCA authorised firms

JD Supra: Mergers

The UK financial services regulators, the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA), have recently set out their final policy on the assessment of acquisitions and increases in control of PRA and FCA authorised firms.

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Just Eat Takeaway finally offloads Grubhub, sells to Wonder for $650M

TechCrunch: M&A

Netherlands-based food delivery company Just Eat Takeaway.com said on Wednesday that it is selling its U.S. business Grubhub to New York-based Wonder Group in a deal valued at $650 million — a stark 91% less than the $7.3 billion Just Eat Takeaway paid for the company just four years ago. The deal is expected to close in […] © 2024 TechCrunch.

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UK Regulators Finalize Policy on Prudential Assessment of Acquisitions and Increases in Control

JD Supra: Mergers

The U.K. Financial Conduct Authority and Prudential Regulation Authority have finalized their policy on the prudential assessment of acquisitions and increases of control. The regulators have published a joint policy statement, a PRA supervisory statement, and FCA non-handbook guidance.

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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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Del. Supreme Affirms Chancery Ruling that Seller Must Pay Buyer 2x Purchase Price

Deal Lawyers

On Friday, in a half-page decision following briefs and oral argument, the Delaware Supreme Court affirmed the Chancery Court’s February ruling confirming an arbitration award in a post-closing purchase price adjustment dispute with a surprising — and scary — result. We blogged about the Chancery Court’s decision in SM Buyer LLC v.

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The Federal Reserve is trimming rates, and these higher-yielding assets could be called back soon

CNBC: Investing

Investors may be paid a little more interest for buying brokered CDs with call provisions, but the high-yield bonanza may be coming to an end soon.

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China Revised Rules for Foreign Investors’ Strategic Investment in A-share Listed Companies

JD Supra: Mergers

On November 1, 2024, the Ministry of Commerce of China, together with five other governmental departments, issued the newly revised Measures for the Administration of Strategic Investment in Listed Companies by Foreign Investors (the “New Measures”). The New Measures introduce several key changes to the regulations governing foreign strategic investments in A-share listed companies and cross-border share swaps.

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David Einhorn to speak as the priciest market in decades gets even pricier postelection

CNBC: Investing

Einhorn's hedge fund returned just 9% in 2024 through the end of the third quarter, compared with the S&P 500′s more than 20% gain.

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Takeover Panel Response on the Application of the Takeover Code

JD Supra: Mergers

The Takeover Code (the “Code”) has published its response to its consultation on the application of the Code and is adopting the amendments previously proposed in PCP 2024/1 subject to some modifications. The changes will take effect on 3 February 2025 and transitional arrangements will run for two years until 2 February 2027.

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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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Buy Nvidia as AI adoption is still in the early stages, Redburn Atlantic says

CNBC: Investing

Nvidia's still in early growth stages as artificial intelligence capabilities continue to progress, according to Redburn Atlantic.

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New HSR Rules Take Effect on Tuesday, Feb. 10, 2025

JD Supra: Mergers

As we reported in October, the Federal Trade Commission, with the concurrence of the United States Department of Justice Antitrust Division, have issued revised Hart-Scott-Rodino (HSR) premerger notification rules. These rules require parties to certain mergers, acquisitions, and joint ventures to file forms with the antitrust agencies and observe a waiting period (usually 30 days) before they can close their transaction.

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Buy this chipmaker as demand for autos chips picks up, Loop Capital says

CNBC: Investing

NXP Semiconductors "should grow slightly faster" than the overall automotive semiconductor market in the long run, analyst Gary Mobley said.

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Credit Conditions: Key Debt Market Trends

JD Supra: Mergers

Credit Conditions | Q1 2024: High interest rates in 2023 posed significant challenges for dealmakers and debt markets. However, 2024 brings optimism with anticipated rate cuts and improving market conditions, leading to a boost in M&A activity and a revival in the broadly syndicated loan market. While the private credit industry remains dominant, there are indications of a shift back towards broadly syndicated loans as interest rates decline.

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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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Volkswagen and Rivian Form Joint Venture, Deepening Alliance

The New York Times: Mergers, Acquisitions and Dive

The new agreement builds on an earlier announcement in which the German automaker said it would invest up to $5 billion in Rivian, a maker of electric vehicles. The new venture brings them closer.

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The Future of Business Connectivity: Wi-Fi 7 and OpenRoaming

Cisco: M&A

Wi-Fi 7 offers faster speeds, lower latency, and enhanced performance, enabling businesses to handle growing data demands and support advanced applications like AR, IoT, and telemedicine. The convergence of Wi-Fi 7 and 5G, along with OpenRoaming, ensures seamless, reliable connectivity across industries, improving operational efficiency and customer experiences.

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Here are Tuesday's biggest analyst calls: Nvidia, Apple, Tesla, Meta, Snowflake, Walmart, Wells Fargo, Alphabet & more

CNBC: Investing

Here are Tuesday's biggest calls on Wall Street.

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Kane Biotech Announces Agreement to Acquire FB Dermatology

Global Newswire by Notified: M&A

Transaction will Strengthen Kane’s Wound Care and Dermatology Portfolio and Expand Global Commercial Reach Transaction will Strengthen Kane’s Wound Care and Dermatology Portfolio and Expand Global Commercial Reach

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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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Introducing Zero-Friction Wireless for Smarter Workplaces

Cisco: M&A

The new Cisco Wi-Fi 7 access points are more than just upgrades. Our high-end 9176 and 9178 models represent a fundamental reimagining of what’s possible in wireless networking.

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Liquidnet launches new equities liquidity seeking algorithm

The TRADE

Liquidnet has released a new liquidity seeking algorithm for users operating within its dark space. Named SmartDark, the equities algorithm is designed to enhance institutional execution by prioritising order routing to venues with larger executions and better price stability. “Today’s markets remain volatile and complex for buy-side traders to navigate,” said Alan Polo, head of sales and trading, Americas, at Liquidnet.

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Wall Street bankers on course for up to 35% bonus bump

Financial Times - Banking

Debt bankers forecast to make biggest gains as finance industry recovers from two-year lull

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Sustainable Trading launches Member Progress Framework

The TRADE

Sustainable Trading has launched its new Member Progress Framework, offering an effective way to engage directly with the firm and sustainability practices in the trading industry. The framework offers a practical, step-by-step approach for firms to make measurable progress, earn recognition and contribute to higher industry standards, the firm said.

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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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This stock could be the new 'pick-and-shovel play' in the next wave of AI, Wells Fargo says

CNBC: Investing

Underlying analyst Michael Turrin's investment thesis is his belief that software vendors will lead the next phase of AI development.

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oneZero receives capital boost from new investor as it seeks to expand its role within the global OTC asset trading market

The TRADE

oneZero Financial Systems has received investment of an undisclosed sum from Golden Gate Capital as it seeks to expand its role across the global OTC asset trading market. Andrew Ralich Chief executive and co-founder of oneZero, Andrew Ralich, said: “Golden Gate Capital’s investment is a seamless extension of our beneficial relationship with LMP.

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Fnac Darty and Ruby successfully reach 91.1% of the share capital of Unieuro, which will be delisted - final results

Global Newswire by Notified: M&A

PRESS RELEASEIvry-sur-Seine, France — November 12, 2024, 5:45 pm CEST THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS PRESS RELEASE IN WHOLE OR IN PART,

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big xyt secures €10 million capital injection

The TRADE

big xyt has secured a €10 million capital injection from European growth investment firm Finch Capital, representing the first round of external funding. Robin Mess Commenting on the investment round, Robin Mess, chief executive of big xyt, said: “This investment is testament to big xyt’s strong reputation and commitment to innovation, unrivalled data quality, and exceptional service.

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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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Wednesday's big stock stories: What’s likely to move the market in the next trading session

CNBC: Investing

The postelection rally took a breather on Tuesday, with the major indexes incurring modest losses. Here's what CNBC is watching going into Wednesday.

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COP29 host Azerbaijan hits out at West in defence of oil and gas industry

Global Banking & Finance

By William James and Kate Abnett BAKU (Reuters) -The president of Azerbaijan, host of this year’s U.N. climate summit, lashed out at Western critics of his country’s oil and gas industry on Tuesday.

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Cleaner air, healthier buildings: How Carbon Reform is modernizing indoor environments for health and efficiency

Cisco: M&A

Learn more about why the Cisco Foundation invested in Carbon Reform, a startup with solutions that address both indoor air quality and energy efficiency, through its Regenerative Future Fund.

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