Fri.Oct 13, 2023

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Why Microsoft had to relinquish Activision’s cloud-gaming rights outside Europe

TechCrunch: M&A

Microsoft has finally done it — nearly two years after the Xbox-maker first revealed plans to acquire gaming giant Activision Blizzard in a mammoth $68.7 billion deal, it has managed to secure U.K. regulatory clearance, meaning that Activision will now be a fully fledged subsidiary. But the antitrust clearance comes with one notable caveat. For […] © 2023 TechCrunch.

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To Self-Report or Not to Self-Report: With New M&A Safe Harbor Policy, DOJ Tries to Answer the Question

JD Supra: Mergers

It is one of the hardest questions a company can face: after discovering criminal conduct inside your company, do you self-report to the government or not? If you can quickly and quietly fix the problem, then you may be able to fully remediate the issue and avoid any negative publicity or government involvement.

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Microsoft Closes $69 Billion Activision Blizzard Deal

The New York Times: Mergers, Acquisitions and Dive

The megadeal could strengthen Microsoft’s standing in the video game industry, after a year and a half of negotiations with regulators around the world.

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Understanding the Differences in the Enforcement of Arbitration Awards and Expert Determinations

JD Supra: Mergers

Is there a difference in enforcement between an arbitration award and an expert determination pursuant to a contract? The answer is yes, according to a recent ruling by the 3rd Circuit U.S. Court of Appeals that includes important lessons for those drafting arbitration provisions.

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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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The Upshot of Microsoft’s Activision Deal: Big Tech Can Get Even Bigger

The New York Times: Mergers, Acquisitions and Dive

With the completion of the blockbuster acquisition, the notion that tech giants can grow through “vertical transactions” remains intact.

More Trending

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These are the biggest stock shorts out there — including a big bet against this EV maker

CNBC: Investing

Investors hiked their short bets on a handful of electric vehicle and charging companies during the second half of September.

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Haemonetics Corporation Acquires OpSens, Inc.

JD Supra: Mergers

Haemonetics Corporation announced on October 10th that it would be acquiring OpSens, Inc. The deal between the companies is expected to close by the end of January 2024, according to the press release.

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Avoiding Talent Attrition in M&A

Deal Lawyers

This LinkedIn newsletter from Swaney Group Advisors addresses the challenge of retaining key talent during an acquisition or merger — step 10 in their 11-step process for post-merger integration. Before addressing retention, the newsletter notes the importance of taking a nuanced approach to identifying key talent.

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DOJ Announces New Safe Harbor Policy for Self-Disclosures in Connection with M&A Transactions and Additional Resources for Corporate Enforcement

JD Supra: Mergers

On October 4, 2023, the U.S. Department of Justice (“DOJ”) announced a new Mergers & Acquisitions (“M&A”) Safe Harbor Policy to further encourage self-disclosures and provide companies with additional predictability in the M&A context. Recognizing the net compliance benefit that can occur when a company with an effective compliance program acquires and remediates a company with an ineffective program and a history of misconduct, the DOJ’s newly-announced policy is that an acquirer wh

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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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How Microsoft Turned the Tide in Its Regulatory Fight Over Activision

The New York Times: Mergers, Acquisitions and Dive

The company found a way to placate three of the most powerful regulatory bodies in the world, along with a federal judge in San Francisco.

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Implications of DOJ’s New Safe Harbor for Disclosing Misconduct Uncovered During M&A Transactions

JD Supra: Mergers

U.S. Deputy Attorney General Lisa Monaco recently announced that the Department of Justice (DOJ) is adopting a new safe harbor policy to incentivize corporations to voluntarily self-disclose criminal misconduct discovered during merger and acquisition (M&A) transactions. Although the announcement leaves open questions, the anticipated policy described in Monaco’s speech sets forth how an acquiring company can avoid criminal charges for misconduct that occurred in the acquired company by time

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Nvidia and Nike are among the most overbought stocks in the S&P 500. Here are the others

CNBC: Investing

Here's the latest list of overbought and oversold stocks on Wall Street.

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An Underwhelming Year? HSR Transaction Volumes in FY 2023 (September 2023 Update)

JD Supra: Mergers

Editor’s Note: The Hart Scott Rodino Act (HSR Act) is a federal law that requires companies planning to merge or acquire certain assets or voting securities to notify the Federal Trade Commission (FTC) and the Department of Justice (DOJ) before completing the transaction. The HSR Act establishes the FTC and DOJ Premerger Notification Program, which is designed to allow the agencies to review the proposed transaction for potential antitrust concerns.

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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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Things can't get much worse for this solar stock, so buy it now, says Northland

CNBC: Investing

Investors have a buying opportunity here with currently weak solar demand among several other headwinds.

IT 121
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Governor Signs Bill Prohibiting Any Grocery Store Purchases Without Prior Written Notice To The Attorney General

JD Supra: Mergers

Anyone planning to buy a loaf of bread or head of lettuce next year will need to plan ahead. Last weekend, Governor Newsom signed AB 853 into law. This bill provides that "no person shall acquire, directly or indirectly, any. assets of a retail grocery firm or retail drug firm unless both parties give. written notice to the Attorney General.". Cal.

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Buy this beaten-down discount retailer after a major leadership change, Gordon Haskett says

CNBC: Investing

Analyst Chuck Grom upgraded shares to buy from hold in a Friday note.

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California Revises Proposed Regulations for the Pre-Closing Review of Health Care Transactions: Pubic Comment Period Ends October 17, 2023

JD Supra: Mergers

California’s new Office of Health Care Affordability (OHCA) is set to begin advance regulatory review of certain health care transactions beginning January 1, 2024. As further explained in our previous post, subject to certain exceptions, third party payers and administrators, hospitals, hospital systems, fully integrated delivery systems, pharmacy benefit managers, physician organizations, and other providers (collectively, Health Care Entities) will soon be subject to potential prospective.

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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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JPMorgan says this packaged food company can rally 25% due to strong cash flow

CNBC: Investing

The firm initiated coverage on Post Holdings with an overweight rating.

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Goodwin REIT Alert: Trends in REIT M&A (2022-2023)

JD Supra: Mergers

In our 2022 alert “REIT M&A Trends Through the Pandemic,” we cataloged a total of 42 new REIT transactions announced between August 2020 and May 2022, a pace that rivaled or exceeded pre-pandemic levels. From May 2022 through August 2023, a further 15 new REIT M&A transactions have been announced, with an aggregate transaction value of approximately $71 billion.

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Morgan Stanley downgrades this Chinese e-commerce stock on weak consumer demand

CNBC: Investing

The firm lowered its rating on shares to equal weight from overweight and slashed its price target approximately 40%.

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Scenting Power, U.K. Business Flocks to the Labour Party

The New York Times: Banking

The governing Conservative Party was long seen as entrepreneurs’ natural ally and lobbyists’ most important target. With an election on the horizon, that’s changing.

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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 European biotech company could rally nearly 45%, says Morgan Stanley

CNBC: Investing

Morgan Stanley is bullish on pelabresib, currently awaiting results from its Phase 3 MANIFEST-2 trial.

IT 118
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Microsoft completes $69bn deal to buy Call of Duty maker Activision Blizzard

The Guardian: Mergers & Acquisitions

Completion of sale follows regulator’s decision to allow it after competition concerns were addressed Microsoft has completed its $69bn (£57bn) deal to buy Activision Blizzard, the maker of games including Call of Duty and World of Warcraft, after the UK’s competition watchdog cleared the acquisition. The Competition and Markets Authority (CMA) had moved to block the deal in April , citing concerns that Microsoft – the maker of the Xbox gaming console – would dominate the nascent cloud gaming ma

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UnitedHealth Group pops after posting quarterly results. Here’s how to play the stock

CNBC: Investing

Pros on CNBC discussed UnitedHealth after the company reported quarterly results Friday.

Stock 118
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Up, Up, and Away to the Clouds: Cisco Multicloud Specialist Certifications

Cisco: M&A

Is it a bird? Is it a plane? No, it’s the latest certifications from Cisco Learning and Certifications !

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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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Wolfe Research downgrades Netflix, says streaming giant's growth forecasts raise concerns

CNBC: Investing

Analyst Peter Supino said the company's premium valuation does not provide enough safety to counter the rising risk of reduced growth.

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Securing the Modern Hyper-Distributed Network: Perspectives from the 2023 Gartner Magic Quadrant™ for SD-WAN

Cisco: M&A

A typical day’s tasks for today’s modern worker are frequently distributed across multiple devices, applications, and locations.

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Here are Friday's biggest analyst calls: Nvidia, Tesla, Dollar General, Amazon, Meta, SolarEdge & more

CNBC: Investing

Here are Friday's biggest calls on Wall Street.

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