Thu.Jul 18, 2024

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Samsung to acquire UK-based knowledge graph startup Oxford Semantic Technologies

TechCrunch: M&A

The Korean tech giant is acquiring Oxford Semantic Technologies, a U.K.-based knowledge graph startup that has built an AI reasoning engine. © 2024 TechCrunch. All rights reserved. For personal use only.

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An Overview Of Key M&A Due Diligence Processes

JD Supra: Mergers

Due diligence may not be glamorous, but it is the bedrock of a successful deal. Put simply, due diligence is the process of meticulously examining every nook and cranny of a target company’s operations, finances, and legal standing to ensure that a merger or acquisition is a smart business move.

M&A 187
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Deel acquires Hofy to build its own IT device management service

TechCrunch: M&A

Both of Hofy's co-founders, Sami Bouremoum and Michael Ginzo, along with the rest of the startup's leadership team and 120 employees, are joining Deel to build Deel IT. © 2024 TechCrunch. All rights reserved. For personal use only.

IT 243
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China's Revised Company Law Introduces Significant Changes for Foreign Investors

JD Supra: Mergers

The Situation: On December 29, 2023, the Standing Committee of the National People's Congress of the People's Republic of China ("PRC" or "China") promulgated the amended Company Law of the PRC ("New Company Law"). The New Company Law took effect on July 1, 2024.

Investors 182
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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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PE firm PartnerOne paid $28M for HeadSpin, a fraction of its $1.1B valuation set by ICONIQ and Dell Technologies Capital

TechCrunch: M&A

Canadian private equity firm PartnerOne paid $28.2 million for HeadSpin, a mobile app testing startup whose founder was sentenced for fraud earlier this year, according to documents viewed by TechCrunch. The fire sale was reported by TechCrunch last week. HeadSpin’s 2023 revenue was $21 million and its Q1 2024 revenue stood at $5 million, the […] © 2024 TechCrunch.

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The Power of FOMO to Improve the Chance to Get Hired

H. Friedman Search

Yesterday was Tuesday. It was also Prime Day, which is practically recognized as a National Shopping holiday by many people. Why is Prime Day so well-heeded? The simple reason is that the average person like you and I, doesn’t want to miss out on some great bargains. The fear of missing out is so intense that Best Buy, another retail chain, declared yesterday was also a great shopping day – “Black Friday in July is ending this Wednesday.

Finance 175
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Key Considerations in Utilizing a Letter of Intent in Health Care Transactions

JD Supra: Mergers

A letter of intent (LOI), expression of interest (EOI) or term sheet is typically the first substantive document in the life of a transaction (noting that, oftentimes, parties will sign a nondisclosure agreement prior to entering into an LOI or EOI; however, confidentiality terms can also be included in the LOI or EOI itself). While the LOI does not contain certain provisions that are critical to a deal and managing risk, such as representations and warranties and sometimes indemnification.

Utilities 167
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Delaware Amendments: “The Die is Cast!” Don’t Miss Next Week’s Webcast!

Deal Lawyers

Yesterday, Delaware Governor John Carney signed into law SB 313, the controversial 2024 DGCL amendments. The most hotly contested change put in place by the legislation is new Section 122(18) of the DGCL, which is intended to address the Chancery Court’s decision in West Palm Beach Firefighters v. Moelis, (Del. Ch.

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Starting July 31, 2024, Large Accelerated Filers Are Required To Tag Filing Fee Exhibits Using Inline XBRL

JD Supra: Mergers

Companies engaged in certain transactions, including registered securities offerings, tender offers, and mergers and acquisitions, are required to prepare and file a separate filing fee exhibit as part of their transactional filing. Currently, companies have the option to construct filing fee exhibits in traditional HTML format.

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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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Citadel's Ken Griffin buys a stegosaurus for $45 million in a record auction sale

CNBC: Investing

Ken Griffin purchased a late-Jurassic stegosaurus skeleton for $44.6 million at Sotheby's Wednesday, marking the most valuable fossil ever sold at auction.

Sale 144
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Edwards Lifesciences to Acquire Innovalve

JD Supra: Mergers

Edwards Lifesciences recently announced that it would acquire Innovalve Bio Medical, an early-stage transcatheter mitral valve replacement (“TMVR”) company. Edwards had the option to acquire Innovalve following an initial investment in 2017. The acquisition is expected to close by the end of the year.

Medical 155
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Meta Exploring Stake in Ray-Ban’s Parent Company

The New York Times: Mergers, Acquisitions and Dive

Meta is discussing taking a stake of as much as 5 percent of EssilorLuxottica, which makes eyewear brands like Ray-Ban and Oakley, people with knowledge of the talks said.

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Quarterly Healthcare Transactions Review: Unveiling the Latest Industry Mergers and Acquisitions [Q1 2024]

JD Supra: Mergers

Ankura is pleased to present an overview of healthcare transactions announced or closed during Q1 2024 in the United States. Total transactions decreased by 7.6% in the first quarter of 2024 after remaining relatively flat in the fourth quarter of 2023. Excluding the Life Sciences and Medical Office Buildings sectors, the total number of transactions in the United States decreased by 12.1%.

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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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Introducing the Coalition for Secure AI (CoSAI)

Cisco: M&A

Announcing the launch of the Coalition for Secure AI (CoSAI) to help securely build, deploy, and operate AI systems to mitigate AI-specific security risks.

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Netflix reports earnings after the bell. Here's what Wall Street is watching

CNBC: Investing

Wall Street will be keeping close watch on subscriber numbers as Netflix cracks down on password sharing and rolls out its advertising tier.

Shares 103
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Cisco Live U.S. Industrial IoT Summit Wrap Up: AI, Innovation, and Cybersecurity

Cisco: M&A

CLUS Industrial IoT Summit top customer concerns were cybersecurity, the IT/OT workforce gap, and the urgent need to modernize networks in the age of AI.

IT 98
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Thursday's analyst calls: Gap gets an upgrade, beauty stock to pop nearly 35%

CNBC: Investing

A retailer and a beauty company were among the stocks being talked about by analysts on Thursday.

Stock 108
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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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Exit Planning (Part 5): Knowing When It’s Time to Sell Your Lower Middle Market Company

Align Business Advisory Services

Exit Planning: Knowing When It’s Time to Sell Your Lower Middle Market Company (Part 5) Maintaining Your Independence: Life After the Sale The entrepreneurial spirit thrives on independence. The thought of working for someone else after selling your company can be unappealing. But what if you could design a post-sale role that aligns with. Read More » The post Exit Planning (Part 5): Knowing When It’s Time to Sell Your Lower Middle Market Company appeared first on Align BA.

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LIFT To Acquire Shorty West Lithium Claim

Global Newswire by Notified: M&A

VANCOUVER, British Columbia, July 18, 2024 (GLOBE NEWSWIRE) -- Li-FT Power Ltd. (“ LIFT ” or the “ Company ”) ( TSXV: LIFT ) ( OTCQX: LIFFF ) ( Frankfurt: WS0 ) is pleased to announce that it has entered into a mineral property purchase agreement dated July 17 2024 with Infinity Stone Ventures Corp. (CSE: GEMS) to acquire the Shorty West Lithium mineral claim (the “ Shorty West Claim ”), which is adjacent to the Company’s Yellowknife Lithium Project.

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Breaking through barriers: Upwardly Global helps work-authorized immigrants secure meaningful U.S. employment

Cisco: M&A

Cisco NGO partner Upwardly Global elevates U.S. immigrants who are searching for quality employment that matches their professional skills and experience. Our latest grant supports AI development to help streamline and improve the job search process.

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TAIFEX to launch micro TAIEX futures to enhance market flexibility in Taiwan

The TRADE

The Taiwan Futures Exchange (TAIFEX) will launch micro TAIEX futures (TMF) on 29 July, with the aim of providing traders with increased flexibility and accessibility in capital management. The addition to its product lineup addresses the rising index levels and evolving demands of the Taiwan market, according to TAIFEX. Since 2023, the TAIEX index has increased significantly by more than 9,000 points, recently exceeding the 24,000-point milestone for the first time.

Trading 63
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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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Here are Thursday's biggest analyst calls: Nvidia, Gap, Exxon, Apple, Block, Toast, Allstate, AMC, Chipotle, Dollar Tree & more

CNBC: Investing

Here are Thursday's biggest calls on Wall Street.

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Eurex expands crypto derivatives suite with the launch of Ether futures and options

The TRADE

Eurex is set to expand its crypto derivatives portfolio with the launch of FTSE Ethereum index futures and options on 12 August. The move builds upon the launch of FTSE Bitcoin index futures and options last year, falling in line with Eurex’s goal to offer secure access to cryptocurrencies in a regulated market environment. Read more: Eurex becomes first European exchange to launch Bitcoin index futures According to the exchange, there is significant trading and hedging demand from institutional

Trading 63
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2024 Global Bakery Products Industry Report

Benchmark International

The global bakery products market was valued at $536.4 billion in 2023 and is forecast to reach $734.5 billion by 2030. That is a compound annual growth rate (CAGR) of 4.6% for the seven years.

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GIX trading platform the first green securities exchange to file with the SEC

The TRADE

The Green Impact Exchange (GIX) is on track to becoming the first sustainability-focused securities exchange in the US to file with the US Securities and Exchange Commission (SEC), and if approved, could begin operations in early 2025. GIX submitted its Form 1 application on 9 May 2023, outlining plans to operate a fully automated electronic trading platform for the trading of listed equities – no physical trading floor is planned.

Trading 63
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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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Here are the names reporting next week that have historically beaten estimates

CNBC: Investing

With the second week of earnings season next week, there are some names set to report that have a history of beating expectations and rallying post-earnings.

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Beyond the Bottom Line: 8 Key Drivers to Maximize Your Business Valuation

PCE

Many business owners mistakenly believe that valuation is based solely on financial performance. However, the true value of a business goes far beyond the numbers. While financial metrics are essential, they only provide part of the story. Qualitative factors such as brand recognition, strong customer relationships, and operational efficiency play a crucial role in a business's potential to generate future cash flow.

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Morgan Stanley says renewable energy stock is 'underappreciated' as powering AI play

CNBC: Investing

The firm is bullish on Bloom Energy after the company announced a strategic partnership ealrier this week with Nvidia-backed GPU cloud provider CoreWeave.

Stock 66