Tue.Feb 06, 2024

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What is Venture Capital and Why Does It Matter?

JD Supra: Mergers

The moniker “venture capital” is believed to have originated from the financier John Hay Whitney. Having served in World War 2, Whitney returned to the United States with a new mission: to spread American ideals of free enterprise by supporting fledgling entrepreneurs. He distinguished his investment method from traditional private equity or investment banking by making riskier investments in new, unproven businesses with the aim of larger returns should these businesses succeed.

Capital 299
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Confirmed: Entrust is buying AI-based ID verification startup Onfido, sources say for more than $400M

TechCrunch: M&A

Onfido, an early mover in the world of identity verification using computer vision and other AI tools, is getting acquired, TechCrunch has learned and confirmed. Entrust — the privately held company that provides a range of certification and verification services around payment cards, passwords, network and website access, device access and more — is buying […] © 2024 TechCrunch.

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SEC Slaps SPAC for Hiding Preliminary M&A Talks: Lessons for Other Public Companies

JD Supra: Mergers

On January 25, 2024, the SEC announced the settlement of cease-and-desist proceedings against Northern Star Investment Corp. II, a special purpose acquisition company (SPAC). The SEC alleged that the company failed to disclose preliminary de-SPAC negotiations with a target company in its IPO prospectus and falsely disclosed that it had not identified any potential targets or engaged in substantive discussions.

M&A 182
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Disney Makes Movie Magic: This Time About Proxy Voting

Deal Lawyers

We haven’t generally been sharing developments in the saga between Disney, Trian and Blackwells here — I’m sure you’ve read about the moves made by the company and the two activists elsewhere.

M&A 133
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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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European Commission Unveils Plan Aimed at Strengthening Economic Security

JD Supra: Mergers

The Development: On January 24, 2024, the European Commission ("EC") unveiled a package of five fresh initiatives aimed at strengthening the European Union's ("EU") economic security (the "Package"). This will likely increase the walled-garden approach of the EU market with expanded control of inbound investments and possibly also novel restrictions on outbound investments.

Economics 182

More Trending

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SEC Adopts Final Rules to Enhance Disclosures and Investor Protections Relating to Special Purpose Acquisition Companies (SPACs) and De-SPAC Transactions

JD Supra: Mergers

On January 24, 2024, the Securities and Exchange Commission (“SEC”) adopted final rules (the “Final Rules”) to enhance disclosure and investor protection in initial public offerings (“IPOs”) by special purpose acquisition companies (“SPACs”) and in business combination transactions involving shell companies, such as SPACs, and private operating companies (so-called “de-SPAC transactions”).

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CleanSpark jumps on plans to buy four bitcoin mining facilities ahead of the halving

CNBC: Investing

CleanSpark shares jumped after the company revealed plans to expand its mining presence and potentially double its hashrate in the first half of the year.

Shares 139
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Finance Frontiers February 2024 - Writing to Reach You – Investor Letters and Subscription Facilities

JD Supra: Mergers

While Chris van Heerden’s recent article gave some cause for optimism over the fundraising environment for 2024, for now on the ground we are continuing to see significantly longer lead times before funds hit their target size, even for top-tier sponsors.

Finance 172
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CME Group to launch US corporate bond index futures this summer

The TRADE

CME Group is set to expand its interest rate complex with the launch of US corporate bond index futures in summer 2024, subject to regulatory review. The new futures contracts will be based on the Bloomberg US corporate index and the Bloomberg US high yield very liquid index. The two indexes measure the performance of investment grade corporate bonds and a liquid, diversified component of the high yield corporate bond market, respectively. “As corporate debt issuance continues to increase

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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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Updates to HSR Reporting Thresholds and Merger Filing Fees Announced for 2024

JD Supra: Mergers

The Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR) requires parties to transactions meeting certain size thresholds to make notification filings with the Federal Trade Commission (FTC) and the Antitrust Division of the U.S. Department of Justice and to observe a waiting period before closing.

Mergers 167
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NYU's 'Dean of Valuation' says Nvidia is 'particularly overpriced' after its surge this year

CNBC: Investing

Nvidia, which has outpaced its peers in the "Magnificent Seven," looks especially expensive after its 37% advance in 2024.

Valuation 140
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Revised Hart-Scott-Rodino Thresholds Take Effect March 6, 2024

JD Supra: Mergers

The Federal Trade Commission (FTC) recently announced revisions to the thresholds under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR), which will apply to all transactions closing on or after March 6, 2024. The FTC is required under the Clayton Act to revise the HSR thresholds annually based on changes in the gross national product.….

Trading 167
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Adam Neumann Wants to Take Over WeWork

The New York Times: Mergers, Acquisitions and Dive

Adam Neumann, the co-working company’s onetime chief, has sought for months to buy the now-bankrupt business, but accuses its current leaders of stonewalling him.

Business 123
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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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FTC HSR Act Threshold and Filing Fee Increases Become Effective March 6

JD Supra: Mergers

The previously announced Hart­-Scott­-Rodino Act (HSR Act) jurisdictional filing thresholds and fees will go into effect on March 6, 2024. The Federal Trade Commission’s (FTC’s) previously announced increases to HSR Act jurisdictional thresholds will go into effect and capture all transactions that close on March 6, 2024 or thereafter.

Trading 167
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AI is changing the cybersecurity game. And new strategies are needed to win.

Global Banking & Finance

AI is changing the cybersecurity game. And new strategies are needed to win. By: Lloyd Webb, VP sales engineering, EMEA, SentinelOne Generative AI has opened the door to a new and sophisticated set of threats to the enterprise. Adversaries are using the technology to execute machine speed attacks with less dwell time.

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FTC Announces 2024 HSR Filing Thresholds and Fee Schedule

JD Supra: Mergers

On January 22, 2024, the Federal Trade Commission (the “FTC”) announced that it will (i) increase the dollar-based thresholds used to determine whether parties are required to notify federal antitrust authorities about a transaction under the Hart-Scott-Rodino Antitrust Improvements Act (“HSR”) and (ii) revise the HSR filing fee schedule. The FTC is required to revise various HSR thresholds annually based on the change in gross national product.

Trading 161
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Tesla downgraded on concern Musk and board distractions could hurt innovation

CNBC: Investing

Analyst Jairam Nathan downgraded Tesla to neutral from outperform and slashed his price target for the automaker by about 20% to $195.

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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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FTC Announces 2024 Increase in HSR Notification Thresholds and Filing Fees

JD Supra: Mergers

The Federal Trade Commission (FTC) has announced the annual revisions to the Hart-Scott-Rodino Antitrust Improvements Act (HSR Act) thresholds and HSR filing fees, which will become effective on March 6, 2024. The revised thresholds will apply to any merger or acquisition closing on or after the effective date.

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China’s exchanges restrict stock selling by some hedge funds

Global Banking & Finance

China’s exchanges restrict stock selling by some hedge funds SHANGHAI/BEIJING (Reuters) – China’s stock exchanges are restricting share selling by some hedge funds, four fund managers and a broker said, in the latest attempt to stabilise a market that has slumped to five-year lows.

Funds 104
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U.S. Antitrust Agencies Propose Sweeping Changes to the HSR Premerger Notification Program

JD Supra: Mergers

On June 27, 2023, the Federal Trade Commission (“FTC”) in collaboration with the Department of Justice (“DOJ”) announced a proposal to overhaul the Hart-Scott-Rodino (HSR) Act premerger notification program. If adopted, the new requirements would dramatically increase the time and cost of preparing filings. The FTC estimates that the new rules will increase the time filers need to prepare the HSR filing by 12 to 222 hours per submission, imposing a substantial burden on transacting parties.

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Electricity demand from data centers, AI and crypto could double in 2 years. How to play it

CNBC: Investing

From data center operators to suppliers, Barclays has a myriad of entry points for investors looking to capitalize on booming electricity demand.

IT 115
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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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FTC Announces Annual Increases to HSR Thresholds, HSR Filing Fees, Interlocking Directorates Safe Harbor, and Maximum Civil Penalties

JD Supra: Mergers

The 2024 adjusted HSR threshold is $119.5 million and goes into effect on March 6, 2024. All transactions valued below that amount will be exempt from the HSR filing requirement. The 2024 adjusted Size of Party thresholds for transactions valued below $478 million are $23.9 million and $239 million.

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Updated TDS Rate Chart for FY 2024-25/AY 2025-26

Razorpay

TDS (Tax Deducted at Source) is a type of tax introduced by the Income Tax Department of India to minimise tax evasion. It is applicable on various payments ranging from contractor payments, salary, commission and more. The TDS rates are predecided by the Government under the Income Tax Act. In this blog, we share the Latest TDS rate chart for the Financial Year 2024-25 and Assessment Year 2025-26 to help you calculate and pay TDS error-free.

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Overhaul of the UAE’s Competition Law: Key Changes and Next Steps

JD Supra: Mergers

On 29 December, 2023, Federal Decree-Law No. 36 of 2023 on the Regulation of Competition (the New Law) was issued, replacing Federal Decree-Law No. 4 of 2012 (the Old Law) and introducing a new merger control regime, including a number of new concepts which will potentially lead to parties in M&A transactions having to file merger control filings.

Mergers 149
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Elanco's $1.3 billion deal may give the animal health company more flexibility as product launches ramp up

CNBC: Investing

Elanco CEO Jeff Simmons expects the company to debut six products over the next two years that will each see more than $100 million in peak sales.

Sale 84
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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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Healthcare & Life Sciences Private Equity Deal Tracker: Linden to Sell Specialty Networks to Cardinal Health for $1.2 Billion

JD Supra: Mergers

Linden Capital Partners has announced it will sell Specialty Networks to Cardinal Health for $1.2 billion in cash. Specialty Networks, founded in 2018 and based in Cleveland, is an integrated, multi-specialty organization with group purchasing organizations, life sciences and research solutions in urology, gastroenterology and rheumatology.

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Missed the Nvidia gravy train? Here's an AI catch-up trade

CNBC: Investing

Missed the boat on Nvidia's booming artificial intelligence-fueled rally? You can still get on the A.I. bandwagon with this age-old chip darling.

Trading 106
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How Cisco, together with Apple, is tackling the next frontier of hybrid work — spatial computing

Cisco: M&A

Apple is the marquee example of a great company that disrupts itself and others in the market. Two weeks ago marked the 40 th anniversary of the Mac.

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