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 359
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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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Beyond the Obvious

H. Friedman Search

Unlike most blogs we write, today’s blog is addressed to all the hiring managers in the area of Public Finance. It does not matter if you are a manager at a Bank or a Bond Counsel firm, I have a question for you. Do you really know what an executive recruiter does for you? The title, Beyond the Obvious, should give you a clue; it’s a lot more than just showing you a potential candidate and getting them hired.

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What to Watch as the Fed Meets on Wednesday

The New York Times: Banking

The Federal Reserve is expected to leave interest rates unchanged but could set up for a cut later this year.

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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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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 145

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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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.

Mergers 317
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Fear of the Unknown

H. Friedman Search

This month, we wrote about the Fear of Missing out, FOMO. In my mind, this is a very real motivation of why people should be making moves. I want to discuss another fear this week, but the converse: Why are people not making moves? The first six months of this year, to say the least, have been very interesting for hiring in Public Finance. For the first time in many years, the number of new hires I have had the opportunity to assist is lower than in previous years.

Finance 199
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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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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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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 145
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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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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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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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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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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 181
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Bank of Japan Raises Interest Rates for Second Time Since 2007

The New York Times: Banking

The closely watched move by the Bank of Japan could bolster the country’s beleaguered currency.

Banking 145
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Google’s Plan to Buy Wiz for $23 Billion Falls Apart

The New York Times: Mergers, Acquisitions and Dive

Wiz’s chief executive said the company walked away from a “humbling offer” and would pursue an initial public offering instead.

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Nvidia could be on the verge of a massive technical sell-off, chart analyst warns

CNBC: Investing

Nvidia has struggled in July and could have further downside, according to Raymond James.

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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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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.

M&A 293
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D&O Insurance: Will the Bump-Up Exclusion Bump-Off Your M&A Settlement?

Deal Lawyers

Many D&O policies include “bump-up” exclusions that can come into play when a buyer increases the price to be paid in an acquisition in response to litigation challenging the deal.

Insurance 133
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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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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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Skydance Reaches Deal to Merge With Paramount

The New York Times: Mergers, Acquisitions and Dive

The deal, approved by Paramount’s board, ushers in a new chapter for the company, which owns CBS and the movie studio behind “Top Gun.

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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.

Funds 144
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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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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.

Business 288
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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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More on “Is MFW Worth the Trouble?”

Deal Lawyers

Earlier this week, I blogged about a Richards Layton article addressing how the MFW defense has fared in the Delaware courts in the decade since the Delaware Supreme Court established the MFW framework. The article observed that the success of the defense has declined markedly in recent years.

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How Janet Yellen Became an Unlikely Culinary Diplomat

The New York Times: Banking

The Treasury secretary views food as a way to connect, and her dining decisions have become the subject of global intrigue.

Food 145
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How Beautycounter Fell Apart, Sinking Almost $700 Million With It

The New York Times: Mergers, Acquisitions and Dive

When the private equity firm Carlyle bought Beautycounter, the skin care brand that people sold at kitchen tables, everything changed.