October, 2023

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It’s official: Microsoft closes $68.7B Activision Blizzard acquisition as UK approves restructured deal

TechCrunch: M&A

After a prolonged antitrust tussle, Microsoft’s near-two-year attempt to buy gaming giant Activision is finally happening, after the U.K.’s Competition and Markets Authority (CMA) accepted a restructured proposal that addresses the CMA’s concerns about Microsoft dominating the cloud gaming market. The crux of Microsoft’s concession to get the deal over the line lies squarely in […] © 2023 TechCrunch.

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Warren Buffett on what to do during price swings — 'Volatility is a huge plus to the real investor'

CNBC: Investing

The Berkshire Hathaway CEO believes volatility shouldn't matter to those who view their equity stakes as small pieces of businesses.

Investors 145
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European Commission Signals Increased Scrutiny in Semiconductors, AI, Quantum Technologies, and Biotechnologies

JD Supra: Mergers

On October 3, 2023, the European Commission ("Commission") unveiled a list of 10 technology areas qualified as "critical" to the European Union's ("EU") economic security, out of which four (Semiconductors, AI, Quantum Technologies, and Biotechnologies) are considered as highly likely to present the most sensitive and immediate risks related to Europe's technology security and technology leakage.

Economics 304
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Exxon Acquires Pioneer Natural Resources for $60 Billion

The New York Times: Mergers, Acquisitions and Dive

The acquisition of Pioneer Natural Resources, Exxon’s largest since its merger with Mobil in 1999, is a bet that U.S. energy policy will not move against fossil fuels in a major way.

Mergers 145
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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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First base for your gen AI journey? Could be efficiency

Accenture Capital Markets

In my previous blog in this short series on generative AI in capital markets, I gave my perspective on why gen AI is so game-changing for our industry. From the highest level, using gen AI to drive efficiencies could help firms to respond to some of the bigger global macroeconomic challenges currently confronting the industry—not least inflationary and economic headwinds as these shifts may also demand firms to undertake cost transformation programs as part of what Accenture calls Total Enterpri

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Atlassian to acquire former unicorn Loom for $975M

TechCrunch: M&A

Atlassian announced this morning that it is acquiring video messaging service Loom for $975 million, the same company that had a $1.53 billion valuation in May 2021 when it announced a $130 million Series C. That was when companies were still thinking about all work being cloud-based and the future looked oh so bright. As […] © 2023 TechCrunch.

Valuation 347
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'The bond vigilante is coming back,' UBS strategist says

CNBC: Investing

The "bond vigilantes are coming back" as investors continue to sell amid the prospect of a growing fiscal deficit, according to UBS Asset Management's Kevin Zhao.

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FTC Challenges Decade-Long Acquisition Strategy by a Private Equity Firm and Anesthesia Provider Group Over an Alleged Anticompetitive Scheme

JD Supra: Mergers

In an unprecedented move, the Federal Trade Commission (the “FTC”) sued U.S. Anesthesia Providers, Inc. (“USAP”) and its private equity sponsor, Welsh, Carson, Anderson & Stowe (“Welsh Carson”) alleging an anticompetitive scheme to consolidate anesthesiology practices in Texas through a series of systematic roll-ups; price setting arrangements; and a market allocation agreement to dominate the anesthesia market in Texas.

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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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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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The TRADE announces the Rising Stars of Trading and Execution 2023

The TRADE

For the first time, The TRADE is announcing the 2023 Rising Stars of Trading and Execution ahead of the gala awards ceremony, Leaders in Trading on 8 November. Now in its ninth year, the Rising Stars awards scheme, in partnership with Instinet, is designed to recognise the very best up-and-coming buy-side trading professionals, and to shine a spotlight on those who have the potential to be the future leaders of the buy-side community.

Trading 118
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Thought leadership AI in security and defence

Global Banking & Finance

Thought leadership AI in security and defence By Lee Eccleshare, Head of Research, AMPLYFI Artificial intelligence (AI) has rapidly spread through virtually every sector, revolutionising processes and augmenting capabilities. From healthcare to finance, from transportation to entertainment, there is hardly an industry untouched by the transformative powers of AI.

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WordPress.com owner buys all-in-one messaging app Texts.com for $50M

TechCrunch: M&A

WordPress.com and Tumblr owner Automattic is adding another company to its portfolio with today’s news that it has acquired the all-in-one messaging app Texts.com for $50 million. The app brings all your messaging apps together in a single dashboard, including iMessage, Slack, WhatsApp, Instagram, Telegram, Messenger, LinkedIn, Signal, Discord and X, with plans for more […] © 2023 TechCrunch.

Portfolio 316
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Wall Street hikes forecasts for anti-obesity drug sales to $100 billion and beyond. A look at the numbers

CNBC: Investing

Citi notched its estimate for incretin drug sales to $71 billion by 2035, up from its prior estimate of $55 billion. That view seems conservative. Here's why.

Sale 145
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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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A quantum leap in finance: How to boost Europe’s quantum technology industry

European Investment Bank

Quantum technologies offer a vision of a healthier, more sustainable and resilient Europe. They will one day enable disruptive innovations that could transform our societies, economies and almost all industries by solving problems that have eluded even our most powerful computers. From chemicals and life sciences to finance and renewable energy, quantum technologies can speed up the development of groundbreaking new products and improve the ways we do things now.

Finance 119
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Rite Aid Files for Bankruptcy, Facing Slumping Sales and Opioid Suits

The New York Times: Mergers, Acquisitions and Dive

The pharmacy chain, one of the country’s largest, faces more than a thousand lawsuits that say it filled illegal prescriptions for painkillers.

Sale 145
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FILS Europe 2023: Human traders still hold the cards amid continued automation

The TRADE

Data and automation were unsurprisingly central to Tuesday’s Fixed Income Leaders Summit Europe 2023 panel exploring the direction of travel for market structure in fixed income for the coming years. The fixed income markets have undergone a total transformation as of late, with more volumes than ever being executed electronically, particularly for smaller sized flow.

Trading 118
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Britain pulls rules aimed at applying lessons from Carillion, BHS, collapses

Global Banking & Finance

Britain pulls rules aimed at applying lessons from Carillion, BHS, collapses By Huw Jones LONDON (Reuters) – Britain on Monday unexpectedly scrapped “burdensome” draft rules is has already put to parliament for approval just 13 weeks ago to apply lessons from the collapse of builder Carillion and retailer BHS.

Retail 131
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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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AI-powered parking platform Metropolis raises $1.7B to acquire SP Plus

TechCrunch: M&A

AI-powered parking platform Metropolis today announced that it raised $1.7 billion to acquire SP Plus, a provider of parking facility management services, in a combination of equity and debt.

Debt 313
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‘Big Short’ Michael Burry takes a victory lap after calling the tech-led market correction

CNBC: Investing

Michael Burry, best known for calling the subprime mortgage crisis, added a new notch in his belt by predicting the latest market correction.

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Artificial Intelligence in Higher Education: Trick or Treat? 

Tyton Partners

If you have been at any higher education events lately, AI has been the top item on conference agendas. Reactions throughout the academy have ranged from, “the sky is falling“ to “AI is the solution to everything.” So, as a leader at your institution or organization, how should you be thinking about the potential or AI as one of the items in your “bag of tricks” to achieve better institutional outcomes and efficiencies at your organization?

Education 118
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Chevron to Acquire Hess for $53 Billion in Latest Major Oil Deal

The New York Times: Mergers, Acquisitions and Dive

The acquisition marks further consolidation of the oil industry and highlights the confidence that energy companies have in the future of fossil fuels.

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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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Cboe Global Markets appoints new head of derivatives

The TRADE

Cboe Global Markets has appointed Catherine Clay as global head of derivatives as part of new senior leadership changes made by the firm to support growth strategies. Clay previously served as global head of data and access solutions and digital and will now oversee Cboe’s global derivatives business. This will include futures and options markets in the US and Europe, alongside globally traded proprietary products including S&P 500 Index option and VIX franchises.

S&P 118
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Russian car sales jump in September as Chinese brands expand market share

Global Banking & Finance

Russian car sales jump in September as Chinese brands expand market share (Reuters) – Car sales in Russia jumped by 148.6% year-on-year in September, continuing to rebound from a huge slump in 2022, analytical agency Autostat said on Wednesday, with Chinese brands expanding their market share.

Sale 131
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Block acquires music financial services startup Hifi

TechCrunch: M&A

Block, the Jack Dorsey-founded fintech company previously known as Square, has acquired Hifi, a music-focused fintech startup. The company declined to share deal terms. Hifi founder and CEO Damian Manning announced the news in a LinkedIn post yesterday. The company also updated its website, which states that it’s joining Block to “further our shared purpose […] © 2023 TechCrunch.

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Bill Ackman reportedly said he would 'absolutely' do a deal with X with his new SPARC funding vehicle

CNBC: Investing

Bill Ackman would 'absolutely' do a deal with X with his new SPARC funding vehicle, he told The Wall Street Journal.

Funds 145
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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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Crypto Goes on Trial, as Sam Bankman-Fried Faces His Reckoning

The New York Times: Banking

The FTX founder’s uphill court battle starts Tuesday, after he has come to symbolize everything that went wrong with the cryptocurrency industry.

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S.E.C. Sues Elon Musk to Compel Him to Testify on Twitter Purchase

The New York Times: Mergers, Acquisitions and Dive

The agency said Mr. Musk was subpoenaed to testify last month about his purchases of Twitter’s stock last year, but he failed to appear.

Stock 145
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Octaura enhances syndicated loan trading platform with the integration of list and RFQ protocols

The TRADE

Octaura Holdings has integrated list and request for quote (RFQ) protocols to its existing syndicated loan trading platform. According to the firm, the new protocols will provide clients with faster trade execution and enhanced price transparency with straight-through processing, alongside streamlining trading workflows for dealers and buy-side investors.

Trading 114