May, 2024

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Rescheduling Marijuana FAQs: Cannabis-Related Investments

JD Supra: Mergers

On May 21, 2024, the Drug Enforcement Agency (DEA) filed the Proposed Rule to move marijuana from Schedule I of the Controlled Substances Act (CSA) to Schedule III of the CSA. In light of the rescheduling marijuana news, industry insiders anticipate a significant increase in cannabis-related investments and acquisition activity. While this anticipated increase in activity is exciting, it is no secret that those who have already invested capital into the cannabis industry have learned some hard.

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Bumble buys community building app Geneva to expand further into friendships

TechCrunch: M&A

Dating app maker Bumble has acquired Geneva, an online platform built around forming real-world groups and clubs. The company said that the deal is designed to help it expand its focus from “one-to-one connections to groups and communities” — friendships, in other words. Terms of the deal were not disclosed, but the announcement comes shortly […] © 2024 TechCrunch.

IT 313
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What A Thank You Note Can Do For You

H. Friedman Search

This may be a dry topic, but it is so important and many job seekers are overlooking it. I cannot stress the importance of a well-crafted, meaningful thank-you note to everyone you have interacted with at the company you are currently interviewing with. Why? Because it’s your calling card that is left behind as the process progresses. With time taking so much longer to get hired (as we have shared over the last few blogs ), your thank you note will remind them of your continued interest in the

Shares 184
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Chobani Yogurt Founder Buys Anchor Brewing Company

The New York Times: Mergers, Acquisitions and Dive

Hamdi Ulukaya called the craft brewer, said to be the country’s oldest, a “grand jewel.” Anchor’s former owner, Sapporo, put it into liquidation last year, citing the effects of the pandemic.

IT 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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Why Gen Z College Students Are Seeking Tech and Finance Jobs

The New York Times: Banking

Many of Harvard’s Generation Z say “sellout” is not an insult.

Finance 145

More Trending

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New Statute of Limitations Impacts M&A and International Trade Compliance

JD Supra: Mergers

New developments in international trade laws will have tangible and far-reaching impacts on transactions as well as day-to-day business operations. President Biden’s signing of HR 815 means that once time-barred historic events are now fair game.

Trading 313
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Bugcrowd, the crowdsourced white-hat hacker platform, acquires Informer to ramp up its security chops

TechCrunch: M&A

On the heels of raising $102 million earlier this year, Bugcrowd is making good on its promise to use some of that funding to make acquisitions to strengthen its security chops. The company — which crowdsources skills from more than half a million hackers to find and fix security vulnerabilities and other operational loopholes in […] © 2024 TechCrunch.

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Chancery Addresses Tension Between Fiduciary & Contractual Duties

Deal Lawyers

One of the most challenging aspects of Delaware’s corporate law jurisprudence over the past 40 years has involved efforts to reconcile the contractual obligations that a target board may commit itself to in connection with a sale transaction and its fiduciary duties to target company stockholders.

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U.S. Sues to Break Up Ticketmaster Owner, Live Nation

The New York Times: Mergers, Acquisitions and Dive

Accused of violating antitrust laws, Live Nation Entertainment faces a fight that could reshape the multibillion-dollar live music industry.

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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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China Has a Plan for Its Housing Crisis. Here’s Why It’s Not Enough.

The New York Times: Banking

A new approach by China’s top leaders is bold but pales against the problem: a vast number of empty apartments no one wants to buy.

IT 145
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Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying

CNBC: Investing

His conglomerate Berkshire Hathaway has acquired nearly 26 million shares of Chubb for a stake worth $6.7 billion.

Insurance 145
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U.S. Steel-Nippon Steel Merger: A Potent Catalyst for U.S.-Japan Relations and Technological Advancement

JD Supra: Mergers

As the proposed $14.9 billion acquisition of U.S. Steel by Nippon Steel garners global attention, its implications extend far beyond mere corporate gains. This merger symbolizes a strengthening of the crucial U.S.-Japan economic and strategic partnership, promising significant investment in American infrastructure, workforce development, and industrial innovation.

Mergers 314
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Infighting among fintech players has caused TabaPay to ‘pull out’ from buying bankrupt Synapse

TechCrunch: M&A

A dust-up between Evolve Bank & Trust, Mercury and Synapse has led TabaPay to abandon its acquisition plans of troubled banking-as-a-service startup Synapse. © 2024 TechCrunch. All rights reserved. For personal use only.

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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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Stockholders Agreements: Another One Bites the Dust in Chancery Court

Deal Lawyers

Stop me if you’ve heard this one before – a founding stockholder enters into a stockholders agreement containing governance provisions that allow him to veto a laundry list of corporate actions that the board could otherwise take. A stockholder plaintiff objects to those provisions and files a lawsuit in Chancery Court seeking to invalidate them.

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DOJ to Sue Live Nation, Accusing It of Defending a Monopoly

The New York Times: Mergers, Acquisitions and Dive

Live Nation Entertainment, the concert giant that owns Ticketmaster, faces a fight that could reshape the multibillion-dollar live music industry.

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Gas Explosion Rips Facade Off Ohio Building, Injuring at Least 7

The New York Times: Banking

One person was in critical condition at a hospital after the midafternoon episode in Youngstown.

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Berkshire cuts Apple investment by about 13%, Buffett hints that it's for tax reasons

CNBC: Investing

Berkshire reported that its Apple bet was worth $135.4 billion, implying around 790 million shares. That would mark a decline of around 13% in the stake.

IT 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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AI-Specific Representations in Tech M&A

JD Supra: Mergers

Navigating the acquisition of any company which makes substantial use of artificial intelligence (AI) requires a nuanced understanding of both its technological intricacies and legal complexities. As the landscape of AI continues to evolve rapidly, we expect to encounter myriad representations and warranties aimed at specific issues in intellectual property rights, data rights, and regulatory compliance relating to AI.

M&A 309
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DocuSign acquires AI-powered contract management firm Lexion

TechCrunch: M&A

As DocuSign reportedly explores a sale to private equity, it’s acquiring a company itself. On Monday, DocuSign (which now prefers to go by Docusign, with a lowercase “S,” a PR rep from the company tells me) announced that it’s buying Lexion, a contract workflow automation startup, for $165 million. The purchase comes as DocuSign makes increasing investments […] © 2024 TechCrunch.

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Del. Chancery Denies Motion to Dismiss Due to Ambiguities in Disclosure Schedule Language

Deal Lawyers

Maybe it’s because I hated doing them so much as a junior associate, but whatever the reason, I am always drawn to Chancery Court decisions addressing disclosure schedules. That’s why I thought the Chancery Court’s recent letter decision in Aldrich Capital Partners Fund, LP v. Bray, (Del. Ch.; 5/24), was worth blogging about.

Funds 133
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U.S. Plans to Accuse Live Nation of Defending a Monopoly

The New York Times: Mergers, Acquisitions and Dive

Live Nation Entertainment, the concert giant that owns Ticketmaster, faces a fight that could reshape the multibillion-dollar live music industry.

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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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Supreme Court Rejects Challenge to Consumer Watchdog’s Funding

The New York Times: Banking

A decision against the agency, the Consumer Financial Protection Bureau, could have cast doubt on all of its regulations and enforcement actions.

Funds 145
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Warren Buffett says AI scamming will be the next big 'growth industry'

CNBC: Investing

Artificial intelligence has both "enormous potential for good and enormous potential for harm," the investing guru said during Berkshire's annual meeting.

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Corporate Transparency Act: Beware of Filing Scams

JD Supra: Mergers

Since the Corporate Transparency Act took effect on January 1, 2024, scammers have seized the opportunity to send notices to owners of recently formed companies offering “filing services.” In response to these scams, FinCEN posted an alert on the Beneficial Ownership Information homepage stating, “FinCEN has learned of fraudulent attempts to solicit information from individuals and entities who may be subject to reporting requirements under the Corporate Transparency Act.

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CyberArk snaps up Venafi for $1.54B to ramp up in machine-to-machine security

TechCrunch: M&A

CyberArk — one of the army of larger security companies founded out of Israel — is acquiring Venafi, a specialist in machine identity, for $1.54 billion. © 2024 TechCrunch. All rights reserved. For personal use only.

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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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AI: Using Natural Language Processing to Predict M&A Participants

Deal Lawyers

This recent SSC/Intralinks blog discusses how natural language processing (NLP), an AI-powered machine learning technology, may be about to transform M&A.

M&A 133
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Sony and Apollo’s Plan for Paramount: Break It Up

The New York Times: Mergers, Acquisitions and Dive

CBS and other well-known properties would be sold if Sony and Apollo were able to buy Paramount. But the new owners would keep the movie studio.

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Gov. Jim Justice Faces Heavy Business Debts as He Seeks Senate Seat

The New York Times: Banking

The Justice companies have long had a reputation for not paying their debts. But that may be catching up to them.

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