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 304
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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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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 131
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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 350
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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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TDECU Signs Definitive Agreement to Acquire Sabine State Bank and Trust to Increase Commercial Banking Opportunities in Texas and Louisiana

Global Newswire by Notified: M&A

The not-for-profit credit union creates greater access for all Members, including small businesses that specialize in oil and gas, energy and agriculture. The not-for-profit credit union creates greater access for all Members, including small businesses that specialize in oil and gas, energy and agriculture.

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In Silicon Valley, You Can Be Worth Billions and It’s Not Enough

The New York Times: Mergers, Acquisitions and Dive

Andreas Bechtolsheim, the first investor in Google, has an estimated $16 billion fortune. He recently settled charges that he engaged in insider trading for a profit of $415,726.

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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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An AI-focused ETF from a hedge fund veteran is gaining attention by soaring 60% over the past year

CNBC: Investing

The Spear Alpha ETF (SPRX) is concentrated in about 26 holdings and almost everything in the portfolio is seen benefiting somehow from artificial intelligence.

Portfolio 129
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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 138
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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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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.

Banking 111
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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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Infinite Reality Acquires the Drone Racing League for $250 Million, Solidifying Position as Global Leader in Immersive Technology & Experiences

Global Newswire by Notified: M&A

Acquisition of the Drone Racing League, the global, premier, professional sports property that merges the digital with the real, will accelerate Infinite Reality’s valuation to $3.5 billion Acquisition of the Drone Racing League, the global, premier, professional sports property that merges the digital with the real, will accelerate Infinite Reality’s valuation to $3.

Valuation 111
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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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Here are the best places in the world to do business

CNBC: Investing

"Singapore will remain the best geography in the world to do business, as it has for the past 16 years," according to the EIU's business environment ranking.

Business 128
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AI Is Poised to Replace the Entry-Level Grunt Work of a Wall Street Career

The New York Times: Banking

Artificial intelligence tools can replace much of Wall Street’s entry-level white-collar work, raising tough questions about the future of finance.

Finance 137
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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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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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Amid probes, Morgan Stanley vows not to change its wealth strategy

American Banker - Investment Banking

Morgan Stanley CEO Ted Pick downplayed the importance of government investigations into potential money laundering issues involving wealth management clients. "We've been focused on our client on-boarding and monitoring processes for a good while," he said.

IT 111
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Wintrust Financial Corporation and Macatawa Bank Corporation Announce Plans to Merge

Global Newswire by Notified: M&A

ROSEMONT, Ill. and HOLLAND, Mich., April 15, 2024 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (“Wintrust”) (Nasdaq: WTFC) and Macatawa Bank Corporation (“Macatawa”) (Nasdaq: MCBC) today jointly announced that they have entered into a definitive merger agreement for Wintrust to acquire Macatawa in an all-stock transaction. Macatawa is the parent company of Macatawa Bank, a Michigan state-chartered bank, which is headquartered in Holland, Michigan and operates a network of 26 full-service b

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Sony in Talks to Join a Bid to Buy Paramount

The New York Times: Mergers, Acquisitions and Dive

The company and Apollo Global Management are discussing a joint effort, even as Paramount conducts exclusive merger negotiations with Skydance.

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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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JPMorgan says U.S. 'not out of the woods' on inflation, stay overweight commodities

CNBC: Investing

The investment bank expects the Federal Reserve to start cutting interest rates in July, though still sees 75 basis points of cuts through year end.

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Chess Gaja checkmating distance barriers with Razorpay International Payments

Razorpay

32 pieces, 64 squares, white and black hues, weak and strong, rules and strategy- and the whole is greater than the sum of its parts. Chess has more to offer than being ‘just a game’. It draws parallels with life by teaching us about the importance of planning, strategy, resilience, self-reflection, and continuous improvement. It also drives home the point that no matter where you are in life, you still have the possibility of tasting success, like a pawn that could be promoted to a queen!

M&A 111
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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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Capstone’s Abigail Iaconis Earns MMP Certification

Successful Acquisitions

Capstone’s Abigail Iaconis Earns MMP Certification Capstone Strategic is pleased to announce that Senior Analyst Abigail Iaconis has received her certification as a Middle-Market Professional (MMP) from the Association for Corporate Growth. In order to receive the MMP certification, students must complete a 4-to-6-week self-study course, and successfully pass an exam.

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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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Euronext MTS to facilitate European Central Bank’s euro-denominated bonds electronic trading platforms

The TRADE

Euronext’s dealer to client trading platform MTS BondVision has secured the contract to supply the European Central Bank (ECB) with electronic trading platforms for euro-denominated bonds. MTS BondVision covers rates, credit and repo. The contract agreed with the ECB covers euro-denominated European government bonds and bills, corporate bonds, senior unsecured bank bonds, covered bonds, and supranational, agency and sovereign bonds.

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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 125
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Investor Ron Baron says Tesla is at a bottom and the stock will 'go up huge' from here

CNBC: Investing

'It's going to go up huge. Now is the bottom. What they are doing is going into robotaxis and going to make the low-cost cars,' Baron said.

Investors 127