April, 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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Cross-Border M&A Opportunities Favor the Prepared

JD Supra: Mergers

Cross-border mergers and acquisitions (“M&A”) unlock growth, diversification, and a stronger global stance for businesses. These strategic moves enable firms from different nations to blend resources, making way into new markets, tapping into unique technologies, enhancing products, and realizing economies of scale and scope.

M&A 309
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Is Public Finance In Your Blood?

H. Friedman Search

As we approach the middle of the second quarter, I find myself asking if there is a litmus test I can apply to my candidates. Is there one thing they each have in common, so that when I am talking to someone I know I can help them? Is there one thing that sets them apart from any other candidate – whether they are at a small, boutique law firm or a large, bulge-bracket investment banking firm?

Finance 211
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4 Characteristics of a Winning M&A Pipeline 

Midaxo

Building a successful M&A pipeline is challenging. How do the best in the business do it? We asked them. During our recent webinar, “ 4 Steps to Build a Winning M&A Pipeline ,” we discussed the four characteristics that stood out. Implement a Clear Corporate Development Strategy Aligned with Company Goals: The best Corporate Development (Corp Dev) leaders start with a clear understanding of their company’s business strategy from which they derive a clear, actionable inorganic strategy.

M&A 147
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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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A Strong U.S. Dollar Weighs on the World

The New York Times: Banking

Two-thirds of the roughly 150 currencies have weakened against the dollar, whose strength stems from high interest rates because of stubborn inflation.

More Trending

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Yahoo is acquiring Instagram co-founders’ AI-powered news startup Artifact

TechCrunch: M&A

Yahoo is acquiring Artifact, the AI-powered news app from Instagram’s co-founders Kevin Systrom and Mike Krieger, the company announced on Tuesday. The financial terms of the deal were not disclosed. Artifact will no longer operate as a stand-alone app, and its AI-powered personalization technology will be integrated across Yahoo, including the Yahoo News app in […] © 2024 TechCrunch.

IT 356
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Growing Clarity: FinCEN Continues to Update Beneficial Ownership Reporting FAQs

JD Supra: Mergers

On April 18, 2024, the Financial Crimes Enforcement Network (FinCEN) released further guidance regarding to Corporate Transparency Act compliance (CTA) by updating and expanding the Beneficial Ownership Information Reporting Frequently Asked Questions regarding the Beneficial Ownership Information (BOI) Reporting Rule (FAQs). Importantly, the updates provide insight on BO access by foreign governments, law enforcement and financial institutes.

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You Can’t Replace The Human Factor: Technology & The Role Of The Recruiter

H. Friedman Search

It’s time to explore the changing role of the recruiter with the advent of technology. Everywhere we turn, AI (artificial intelligence) is being applied to make everyone’s job a bit easier. From the blog writer to the medical profession, AI is being utilized. Most blogs written now are being written completely or at least assisted in one way or another with Chat GPT.

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Bitcoin just completed its fourth-ever 'halving,' here’s what investors need to watch now

CNBC: Investing

In the wake of the latest Bitcoin halving, there may be some speculative trading. Other key events will also be in focus.

Investors 143
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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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‘Aging in Place, or Stuck in Place?’

The New York Times: Banking

Homeownership is not the boon to older Americans that it once was.

IT 145
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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.

Sale 145
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WordPress.com owner Automattic acquires multiservice messaging app Beeper for $125M

TechCrunch: M&A

The deal, which was for $125 million according to sources close to the matter, is Automattic's second acquisition of a cross-platform messaging solution. © 2024 TechCrunch. All rights reserved. For personal use only.

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FDIC Looks to Ban Non-Competes in Bank Mergers

JD Supra: Mergers

The ever-growing pool of Washington alphabet soup agencies targeting the use of employee non-competes has expanded and now includes — along with the FTC and NLRB – the Federal Deposit Insurance Corporation (FDIC).

Mergers 212
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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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Tick Tock Goes The Public Finance Firms Hiring Clock

H. Friedman Search

Hopefully, today’s blog can reassure candidates who are waiting for some action from the hiring managers. There seems to be a common pattern among public finance firms, whether they be investment banks, regional banks, boutiques, or large and small law firms. What’s the pattern? The common thread is no one is hiring quickly. Firms that were hiring faster last year are definitely hiring much slower this year.

Finance 201
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Morgan Stanley's Adam Jonas says Tesla $100 bear case may be 'in play' now, but notable analyst still likes the stock long term

CNBC: Investing

Tesla may have further to fall over the short-run despite its long-term potential, according to Morgan Stanley.

Stock 142
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Regulators Seize Republic First, a Troubled Philadelphia Bank

The New York Times: Banking

The relatively small bank, the first to fail this year, will have its deposits assumed by another Pennsylvania lender, Fulton Bank.

Bank 145
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Everton Is Back on Market as Deal With 777 Partners Falters

The New York Times: Mergers, Acquisitions and Dive

With a proposed sale stalled seven months after it was announced, a financially strapped Premier League team is seeking a backup plan.

Sale 145
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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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Lacework, last valued at $8.3B, is in talks to sell for just $150M to $300M, say sources

TechCrunch: M&A

Consolidation continues apace in the world of security. Sources tell us that Lacework — a cloud security startup that was valued at $8.3 billion post-money in its last funding round — is in talks to be acquired by another security player, Wiz, for a price of just $150-$200 million. Sources close to the negotiations said […] © 2024 TechCrunch.

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Carrots and Sticks: DOJ’s Push to Incentivize Voluntary Disclosure of Corporate Misconduct (Part II of II)

JD Supra: Mergers

DOJ has been on a public relations campaign to push a simple message for corporations: if companies learn of misconduct, companies should disclose such misconduct to earn valuable benefits. The quintessential question remains — should companies disclose misconduct to the Department of Justice or should the company remediate the misconduct and maintain its silence?

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Are You Really Ready To Hang Up Your Dancing Shoes?

H. Friedman Search

This question came to me after I reviewed the calls I had last week. I had been given an assignment to fill an underwriter position, a rare task as most of my recruiting is opportunistic. It was a very specific assignment in this case and one that I felt I was definitely challenged by. Being an experienced recruiter, I resorted back to my old recruiting day tactics where I searched for a specific job order.

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David Einhorn thinks inflation is reaccelerating and has made gold a very large position

CNBC: Investing

The Greenlight Capital president believes "fewer than three" interest rate cuts will take place.

Capital 138
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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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A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up

The New York Times: Banking

On a scale not seen in decades, many Americans are stuck in homes they would rather leave.

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A TikTok Divestiture Is Long Overdue

The New York Times: Mergers, Acquisitions and Dive

With its TikTok bill, Congress sent message to the world: You cannot disregard basic internet norms and expect to be treated like any other country.

IT 144
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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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FTC Files Administrative Complaint to Stop $8.5 Billion Tapestry-Capri Fashion Accessory Merger

JD Supra: Mergers

The Federal Trade Commission may point to economic harm to an identifiable cohort of consumers. The Federal Trade Commission (FTC) on April 22, 2024, filed an administrative complaint to block Tapestry, Inc.'s acquisition of Capri Holdings Limited, a deal valued at $8.5 billion. The proposed merger would combine three major fashion brands: Coach and Kate Spade from Tapestry, and Michael Kors from Capri.

Mergers 197
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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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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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Oil prices could spike to $100 if Iran directly attacks Israel, analyst says

CNBC: Investing

Bob McNally, president and founder of Rapidan Energy, said global crude markets still have not factored in $10 of geopolitical risk.

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Vietnamese Real Estate Tycoon Sentenced to Death in $12 Billion Fraud Case

The New York Times: Banking

Truong My Lan received the death penalty as Vietnam’s Communist Party cracks down on corruption in the fast-growing Southeast Asian economic hub.

Economics 145