July, 2024

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Canva acquires Leonardo.ai to boost its generative AI efforts

TechCrunch: M&A

Canva has acquired Leonardo.ai, a generative AI content and research startup, as the company looks to broaden the scope of its AI tech stack. The financial terms of the deal weren’t disclosed, but Canva co-founder and chief product officer Cameron Adams said it’s a mix of cash and stock. All of Leonardo.ai’s 120 employees will […] © 2024 TechCrunch.

IT 354
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All together now: Post-acquisition compliance program integration

JD Supra: Mergers

The due diligence process is a critical element in a merger and acquisition transaction. Most companies clearly define the steps and rarely skip them. However, the participants in the process vary widely, and ethics and compliance are often overlooked. In a perfect world, the chief ethics and compliance officer and the ethics and compliance team would be part of the deal team early on, consulted in “go or no-go” decisions, and have a seat at the table throughout the process.

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Scammers Are Targeting Older Americans and Their Retirement Savings

The New York Times: Banking

Criminals on the internet are increasingly going after Americans over the age of 60 because they are viewed as having the largest piles of savings.

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Justice Dept. Defends TikTok Law That Forces App’s Sale or Ban

The New York Times: Mergers, Acquisitions and Dive

In its first detailed response to a legal challenge, the agency said TikTok’s proposed changes wouldn’t prevent China from using it to collect U.S. users’ data or spread propaganda.

Sale 134
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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 142

More Trending

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SoftBank acquires UK AI chipmaker Graphcore

TechCrunch: M&A

While the figure of $500 million has been bandied around in various reports for months, in a press briefing early Thursday morning, Graphcore co-founder and CEO Nigel Toon remained coy on the details. © 2024 TechCrunch. All rights reserved. For personal use only.

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Asia Pacific antitrust update – July 2024

JD Supra: Mergers

As we move into the second half of 2024, the competition law landscape across the Asia-Pacific region continues to shift towards tighter regulation and increased enforcement. Faced with the intricate challenges of modern market structures and the evolving dynamics of the digital economy, competition regulators have placed legislative reform at the top of their agendas.

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Synapse Bankruptcy: When a Fintech Isn’t a Bank and Savings Accounts Are Frozen

The New York Times: Banking

For unsuspecting depositors of online financial start-ups, the unraveling of a little-known intermediary has separated them from their life savings.

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How Microsoft’s Satya Nadella Became Tech’s Steely Eyed A.I. Gambler

The New York Times: Mergers, Acquisitions and Dive

Microsoft’s all-in moment on artificial intelligence has been defined by billions in spending and a C.E.O. counting on technology with huge potential and huge risks.

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Provide Real Value in Your Applications with Data and Analytics

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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Bill Ackman's IPO of Pershing Square closed-end fund is postponed, NYSE says

CNBC: Investing

Bill Ackman is postponing the highly scrutinized listing of Pershing Square's U.S. closed-end fund, according to a notice on the NYSE's website.

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Celebrating Artificial Intelligence, Its History and Evolution

Cisco: M&A

Artificial Intelligence (AI) Appreciation Day, celebrated on July 16th every year, recognizes the positive contributions of AI technology to humanity and encourages discussions about its ethics. This event is an opportunity to celebrate AI's history and evolution, with Cisco playing a significant role.

IT 111
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Duolingo acquires Detroit-based design studio Hobbes

TechCrunch: M&A

Design and animation are core to the Duolingo experience, which makes learning a new language or skill more like a game rather than a task to be dreaded. © 2024 TechCrunch. All rights reserved. For personal use only.

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Antitrust in focus - April 2024

JD Supra: Mergers

Spotlight on below-threshold merger reviews: doubts over European Commission’s powers while in depth probes launched in Italy - Last month, we reported on the landmark Advocate General (AG) opinion in Illumina/GRAIL. The AG assessed whether the European Commission (EC) has jurisdiction (under its revised “Article 22” referrals policy) to review transactions where neither EU nor national merger control notification thresholds are met.

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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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Climate Activists in New York Protest Citibank and Other Backers of Big Oil

The New York Times: Banking

Amid soaring temperatures, hundreds of activists are staging boisterous blockades and solemn marches at banks and insurers that support fossil fuel projects.

Insurance 135
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The Stranger in Seattle Gets a New Owner, With Plans for Expansion

The New York Times: Mergers, Acquisitions and Dive

Noisy Creek, a new media company, has bought The Stranger and The Portland Mercury, two of the country’s best known alternative weeklies.

Media 139
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Bill Ackman's Pershing Square withdraws IPO as demand for offering waned

CNBC: Investing

Bill Ackman's Pershing Square USA withdrew its plans for an initial public offering after demand fell below original expectations.

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FCA to offer partly ‘rebundled’ research to support UK buy-side

The TRADE

The UK Financial Conduct Authority (FCA) has announced new rules around payment for research that re-introduce an optional element of rebundling. Released on Friday, the watchdog’s new rule introduces a new payment option for research and follows an industry consultation period that began in April. Under the new proposed payment option, the UK buy-side will be able to facilitate joint payments for third-party research and execution services, provided said firm meets requirements.

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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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Unpacking how Alphabet’s rumored Wiz acquisition could affect VC

TechCrunch: M&A

Alphabet, the parent company of Google, is in advanced talks to acquire cybersecurity startup Wiz for $23 billion, the Wall Street Journal reported on Sunday. TechCrunch’s sources heard similar and added that deal discussions could last into next week. If this deal does end up getting done, it would be Alphabet’s largest acquisition yet.

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Antitrust M&A Snapshot | Q2 2024

JD Supra: Mergers

UNITED STATES - - Agencies Revisiting Consummated Mergers - What’s old is new again, as agencies are increasingly scrutinizing consummated mergers from years past. In May 2024, the US Department of Justice (DOJ), Antitrust Division, together with 30 states and the District of Columbia, sued Live Nation, alleging monopolization and other claims. If successful, the lawsuit could result in Live Nation being forced to sell Ticketmaster despite regulators clearing the combination in 2010.

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Chase to Bar Customers From Using Credit Cards for ‘Pay Later’ Loans

The New York Times: Banking

Financial regulators and consumer advocates frown upon using credit cards to pay off installment loans because of the risk that consumers will dig themselves further into debt.

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Barry Diller Explores Bid to Take Control of Paramount

The New York Times: Mergers, Acquisitions and Dive

Mr. Diller, a digital media pioneer, lost a bidding war for Paramount Pictures decades ago. Now, he’s making a run at its parent company.

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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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NextEra considers restarting Iowa nuclear plant amid rising demand for carbon-free energy

CNBC: Investing

NextEra CEO John Ketchum said the company is considering restarting the Duane Arnold Energy Center, though a risk assessment is needed.

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The Right Way To Think About Market Timing When Selling Your Business

Benchmark International

When is the right time to put your company on the market? Many business owners struggle with this question. It's a difficult decision involving many complexities, but it doesn't have to be that complicated. There is one simple rule for any business owner to live by: ALWAYS have your company in the best position to be sale-ready.

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Wiz walks away from Google’s $23B acquisition offer: Read the CEO’s note to employees

TechCrunch: M&A

Cybersecurity startup Wiz has turned down a $23 billion acquisition offer from Alphabet, Google’s parent company, according to a source familiar with discussions. Despite the offer representing a substantial premium over its last private valuation of $12 billion, Wiz’s management team with the support of investors has opted to remain independent, the person said.

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Preparing to Sell Your Business

JD Supra: Mergers

There are several steps to follow when preparing to sell your business. It is important to allow plenty of time for planning and organization, as the process will usually require many months to a year or more. Why does it take so long to prepare your business for sale? The simple reason is that many owners of LLCs, S Corporations, and even C Corporations do not keep up to date with business financial records and the documentation required to successfully sell or transfer a business.

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Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?

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The Fed Is Impacting Our Election, Our Climate, Our Economy

The New York Times: Banking

The Fed’s refusal to lower interest rates is souring the public in an election year, harming vulnerable Americans, hindering the fight against climate change and potentially destabilizing the economy.

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Founder of Kakao, South Korean Tech Giant, Arrested Over K-Pop Deal

The New York Times: Mergers, Acquisitions and Dive

Kim Beom-Su, the billionaire behind Kakao, was taken into custody on Tuesday on allegations of stock manipulation during a bidding war over a major K-pop agency.

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China is doubling down on homegrown tech. Goldman Sachs shares its chip plays

CNBC: Investing

Goldman Sachs analysts pointed out there are notable catalysts for certain semiconductor and artificial intelligence China stock plays.

IT 131