Wed.Apr 24, 2024

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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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Proposed Regulations for Buyback Tax Hit LBOs, Preferred Stock but Spare Tier 1 Capital

JD Supra: Mergers

The government released proposed regulations this month implementing the excise tax imposed on repurchases of corporate stock that was enacted in 2022. Although these regulations provide some welcome clarity as to the scope of the tax and the procedures for calculating and paying it, they are likely to disappoint those who had hoped that the Treasury would exempt from the excise tax a number of transaction types that Congress may not have intended to target with the law.

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IBM moves deeper into hybrid cloud management with $6.4B HashiCorp acquisition

TechCrunch: M&A

With HashiCorp, Big Blue gets a set of cloud lifecycle management and security tools, and a company that is growing considerably faster than any of IBM’s other businesses. © 2024 TechCrunch. All rights reserved. For personal use only.

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DOJ and FTC’s Aggressive Antitrust Enforcement Agenda Set to Continue

JD Supra: Mergers

There are five crucial areas of focus that will impact mergers, acquisitions and corporate governance going forward: New Hart Scott Rodino (HSR) rules are expected in weeks, not months.

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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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Non-Competes: FTC’s Final Rule Expands Sale of Business Carve-Out

Deal Lawyers

Yesterday, the FTC adopted a final rule banning most non-competes in a 3-2, party line vote. Like the proposed rule, the final version includes an exception for non-competes entered into in connection with the bona fide sale of a business. The carve-out is contained in Section 910.

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Biden Signs TikTok Ban Bill Into Law. Here’s What Happens Next.

The New York Times: Mergers, Acquisitions and Dive

President Biden has signed the bill to force a sale of the video app or ban it. Now the law faces court challenges, a shortage of qualified buyers and Beijing’s hostility.

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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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‘Thunder Run’: Behind Lawmakers’ Secretive Push to Pass the TikTok Bill

The New York Times: Mergers, Acquisitions and Dive

A tiny group of lawmakers huddled in private about a year ago, aiming to keep the discussions away from TikTok lobbyists while bulletproofing a bill that could ban the app.

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Bank of America, Goldman Sachs CEOs hang onto their board chair hats

American Banker - Investment Banking

At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.

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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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Beyond the Family Business: Lessons From Armani, and Why Exit Strategies Matter for Every Entrepreneur

Align Business Advisory Services

The recent news of fashion icon Giorgio Armani contemplating his exit strategy has sparked conversations around succession planning and the many ways in which it can manifest. While his nieces and nephew are currently on the board and could be considered likely candidates to take over the company when he retires, it’s unknown whether that’s. Read More » The post Beyond the Family Business: Lessons From Armani, and Why Exit Strategies Matter for Every Entrepreneur appeared first on Align BA

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Tech companies are heavily exposed to China, putting gains at risk, Piper Sandler says

CNBC: Investing

Tech companies are especially vulnerable to any weakness in China, with semiconductor businesses notably generating more than 30% of their sales in the country.

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4 Financial Factors That Determine the Timing of Your Business Sale

Align Business Advisory Services

Deciding when to sell your business is a complex decision with financial considerations and market timing playing pivotal roles. In this article, we cover four key financial factors that can help business owners navigate the process of timing their business sale strategically. By understanding these elements and their implications, entrepreneurs can maximize the value of.

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Here's why this financial technology fund could break out during earnings season

CNBC: Investing

The Global X FinTech ETF looks attractive after a long period of underperforming the broader market, according to Wolfe Research.

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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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BHP moves to buy Anglo American mining group

The Guardian: Mergers & Acquisitions

Raft of takeovers could follow as deal looks to create world’s biggest copper miner churning out 10% of global output London-listed miner Anglo American has received an all-share buyout offer from BHP Group, a deal that would create the world’s biggest copper miner churning out about 10% of global output. The deal, if agreed, could also trigger further transactions in the global mining industry, which has experienced a slew of mergers and acquisitions as firms review their assets to raise exposu

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Bank of America upgrades Tesla, says first-quarter report opens door for strong gains ahead

CNBC: Investing

Bank of America thinks Tesla's first-quarter results mark the start of a big turnaround.

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Who Stands to Gain from a TikTok Ban

The New York Times: Mergers, Acquisitions and Dive

The Senate has finally passed a law that could bar the video-sharing app in the U.S., leaving some tech giants in pole position to profit — or pounce.

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Greenlight's David Einhorn builds new stake in this gambling name. Here's what else he bought

CNBC: Investing

The hedge-fund manager revealed that he had built a midsized position in Penn Entertainment.

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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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Retail Tech Deep-Dive: Meraki Switching

Cisco: M&A

Join us as we dive deeper into Cisco and Cisco partner technology deployed at the Cisco Store!

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Wells Fargo becomes bullish on this biotech company

CNBC: Investing

Wells Fargo believes the company's hyperplasia and depression treatments could each become over $1 billion opportunities.

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Who Stands to Gain from a TikTok Ban

The New York Times: Mergers, Acquisitions and Dive

The Senate has finally passed a law that could bar the video-sharing app in the U.S., leaving some tech giants in pole position to profit — or pounce.

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Apple shares could be primed for a rebound, according to the charts

CNBC: Investing

Apple, the most important name in the stock market hasn't been acting like it recently. That could be about to change.

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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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Specialism ‘just as important’ as standardisation when considering multi-asset goals

The TRADE

Firms must walk the fine line between specialism and standardisation in order to access aggregate benefits across multi-asset trading, panellists argued at TradeTech Europe 2024. “Specialism is there because it gives you an edge. Standardisation is there because it allows you to scale well, run a larger footprint in terms of trading with less people, and make changes much easier,” noted one panellist.

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This payments stock appears to be bottoming. Using options to capitalize on potential gains

CNBC: Investing

The stock's recent strength and performance warrant a second look.

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The Full Guide to Pre-MBA Internships: Are They Worth It?

Mergers and Inquisitions

A long time ago, the idea of a pre-MBA internship was odd because most people stayed in their full-time jobs until their MBAs began. Also, getting into a top MBA was so much of a hassle that few people wanted to apply for something else before the program began. But then recruiting moved up, the MBA process became more structured, and now we have 4-year-olds aiming for “Target Kindergartens” so they can eventually get into investment banking ~15 years in the future.

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Stocks making the biggest moves premarket: Boeing, Tesla, Visa, Airbnb and more

CNBC: Investing

These are the stocks posting the largest moves in premarket trading.

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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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How the Digital Transformation Drives M&A Activity in Manufacturing

Software Equity Group

After a gradual decline since the mid-20th century, the U.S. manufacturing and industrial sector is making a comeback. Challenges like global competition, rising wages, and outsourcing led to losses, with the most significant drop between 2000 and 2010. Now, signs of recovery are emerging. And that spells opportunity for SaaS companies focused on helping producers streamline and optimize their operations.

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Meta's earnings report comes as 'Magnificent Seven' stock looks to return to all-time high

CNBC: Investing

After its most recent report, shares of the Facebook parent shot up 20%.

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Preparing Your Business for Potential Buyers in Mergers and Acquisitions

Sun Acquisitions

In business, mergers and acquisitions (M&A) are common strategies for growth and expansion. If you’re considering selling your business or even just open to the possibility, it’s crucial to prepare for potential buyers effectively. The M&A process is intricate, and getting your business ready can make a significant difference in attracting the right buyers and securing a successful deal.