January, 2024

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Amazon’s $1.4B iRobot deal is dead. Now what?

TechCrunch: M&A

A year and a half after announcing its intention to acquire iRobot, Amazon’s deal is officially dead. All parties involved anticipated some level of regulatory scrutiny, but after a few decades of tech company consolidation, few expected this much friction. The deal had already passed through select international regulatory bodies, including the U.K.

IT 310
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An Expert Look at the 2023 Merger Guidelines

JD Supra: Mergers

Last month, the United States Department of Justice (DOJ) and Federal Trade Commission (FTC) issued the 2023 Merger Guidelines, a draft of which was published in July. During TransPerfect Legal’s Antitrust Clearance & Merger Enforcement conference held early this fall, a panel of esteemed antitrust lawyers commented on the guidelines and their likely impact on merger review proceedings.

Mergers 287
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Was HPE’s $14B Juniper acquisition a wise move?

TechCrunch: M&A

As you’ll see, the companies think the numbers look pretty good, and they really do match up well (so long as HPE doesn’t mess it up). © 2024 TechCrunch. All rights reserved. For personal use only.

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Your Cohesive Team Can Move Together

H. Friedman Search

Man has been and always will be a social animal. We like to be around people. The recluse of society is shunned, but the social ones are enamored. As 2024 has started, individual bond counsels and public finance bankers don’t want to make a move themselves. However, they would readily engage if they had a cohesive team move together. This is definitely a trend that I have seen increasing since we are at the tail end of the COVID experience.

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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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Sports Illustrated Thrown Into Chaos With Mass Layoffs

The New York Times: Mergers, Acquisitions and Dive

The company’s owner has been plunged into a maelstrom in recent weeks as its senior executives have been forced out.

IT 145
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Stocks Climb to Record, Lifted by Big Tech and Rate Cut Hopes

The New York Times: Banking

The S&P 500 crossed above its January 2022 peak after weeks of wavering. Investors have been buying stocks after homing in on signals that the Fed’s campaign of raising interest rates is over.

S&P 145

More Trending

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What the U.S. Department of Justice’s new M&A safe harbor policy means for PE firms

JD Supra: Mergers

On October 5, 2023, Deputy Attorney General, Lisa Monaco, announced a new safe harbor policy for voluntary self-disclosures made in the mergers and acquisitions context. The safe harbor policy will apply Department-wide and so will apply to antitrust, corruption, fraud, money laundering, sanctions evasion, or any other type of potentially criminal conduct.

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SentinelOne acquires Peak XV-backed PingSafe for over $100 million

TechCrunch: M&A

SentinelOne’s deal to acquire PingSafe valued the Peak XV-backed young startup at over $100 million, two sources familiar with the matter told TechCrunch, in one of the strongest and fastest deals emerging from India. The New York Stock Exchange-listed AI security firm disclosed the cash and stock deal last week, but didn’t reveal the financial […] © 2023 TechCrunch.

Stock 315
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It’s Only A Shifting Of Seats – Again!

H. Friedman Search

Welcome to 2024! I trust this will be another great year for all of us. I am wishing you a very healthy and prosperous New Year. If you’re old enough to remember Chicken Little , he was the character who said, “The Sky is falling down, the sky is falling down.” Well, that’s what many people think regarding the world of public finance; however, I am here to share that this is not the case.

Finance 246
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Boeing’s Problems Started Long Before the Alaska Airlines Mishap

The New York Times: Mergers, Acquisitions and Dive

The aircraft company is paying the price for a shift in its corporate culture made decades ago.

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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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How China Censors Critics of the Economy

The New York Times: Banking

As Beijing struggles with a slumping stock market and a collapsing real estate sector, commentary and even financial analysis it deems negative are blocked.

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Bitcoin ETFs have a key difference from their stock fund counterparts

CNBC: Investing

There is some concern that using the cash-only redemption model could make the plumbing of the ETFs less efficient.

Funds 144
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Meta to Pay ILS 25 Million for Failing to Report Mergers

JD Supra: Mergers

A few days ago, the Israel Competition Authority’s Director General announced she had reached an agreement with Meta Platforms Inc. (owner of Facebook and Instagram). Under the agreement, Meta undertook to pay the State treasury ILS 25 million and to report every merger it carries out in Israel to the ICA. By: Barnea Jaffa Lande & Co.

Mergers 282
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Goodnotes acquires an AI-powered video summary startup as it looks beyond education

TechCrunch: M&A

London-based notetaking startup Goodnotes said today it is acquiring South Korean startup Dropthebit, which operates a meeting and video summary tool called Traw. With the acquisition, Goodnotes is looking to move beyond classrooms and explore making productivity tools for professionals. As part of the deal, all three co-founders of Dropthebit will move to Goodnotes.

Education 310
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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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Be In Charge Of Your Career: Stop Kicking Tires In 2024, Act Instead!

H. Friedman Search

Do you want to be where you were at the end of 2023 at the conclusion of 2024? So many people decide to kick the tires at their current company but don’t do anything more than that for various reasons. In this blog, I want to examine the reason people do not move forward when they know they need to deep down in their hearts. It’s because people let their emotions overrule their business decisions.

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U.S. Steel Acquisition Proposal Tests Biden’s Industrial Policy

The New York Times: Mergers, Acquisitions and Dive

The president is under pressure from Democrats and Republicans to block the sale to Japan’s Nippon Steel, which could upset a key foreign ally.

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A Hapless Robber, Exposed by a Cloud of Dye, Gets His Day in Court

The New York Times: Banking

Nobody disputed that the defendant had handed over a note demanding money — please — from a Newark bank. The only remaining question: How dangerous had he been, really?

Banking 137
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How 'quiet luxury' is subtly taking over investor portfolios

CNBC: Investing

Quiet luxury was one of last year's biggest viral fashion trends, but unlike other short-lived fads, this one has made its way into investor portfolios.

Portfolio 143
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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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Office of Health Care Affordability Adopts Final Cost and Market Impact Review Regulations for Health Care Transactions

JD Supra: Mergers

California’s new Office of Health Care Affordability recently adopted emergency regulations (“Final Regulations”) implementing the Health Care Market Oversight Program, required under California’s Health Care Quality and Affordability Act (“HCQAA”). HCQAA, which created the Office of Health Care Affordability (“OHCA”), requires “health care entities” to provide written notice of certain “material change transactions” to OHCA.

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iRobot and Amazon call it quits, terminate acquisition agreement

TechCrunch: M&A

Amazon has ended its bid to acquire iRobot, the maker of robotic vacuums, after running up against headwinds with European regulators. Amazon and iRobot have opted to mutually terminate their previously announced acquisition agreement, under which Amazon would’ve purchased iRobot for ~$1.7 billion in cash (or slightly lower). In a press release, the companies said […] © 2024 TechCrunch.

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Activism: Del. Chancery Scrutinizes Advance Notice Bylaw Amendments

Deal Lawyers

Following implementation of the SEC’s universal proxy rules, disputes about activists’ compliance with advance notice bylaws have become one of the key battlegrounds in proxy contests. Last week, in Kellner v. AIM Immunotech, (Del. Ch.; 12/23), the Chancery Court addressed a challenge to amendments to a company’s advance notice bylaw adopted during a proxy contest.

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Judge Blocks JetBlue From Acquiring Spirit Airlines

The New York Times: Mergers, Acquisitions and Dive

The ruling is a victory for the Justice Department, which had argued that the merger would reduce competition.

Mergers 143
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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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Dick Bove, Famed Banking Analyst Now Retired, Says Dollar is ‘Finished’

The New York Times: Banking

Dick Bove, the ubiquitous banking expert, is going out swinging after more than half a century in the business.

Banking 136
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Ken Griffin’s hedge fund Citadel posts double-digit returns in 2023, but lags the S&P 500

CNBC: Investing

Billionaire investor Ken Griffin's various hedge fund strategists all posted double-digit returns for 2023, but they failed to beat the broader market.

S&P 144
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Court Stymies State Regulator’s Attempt to Block Bank-Credit Union Deal

JD Supra: Mergers

The last two years have seen a significant uptick in the number of transactions involving credit union acquisitions of banks with 26 deals announced and two transactions already announced in 2024. Yet, the law around these transactions remains somewhat unsettled and the path to regulatory approval is often not clear. These transactions are sometimes structured as an acquisition of the bank’s assets and the assumption of specified liabilities to avoid conflict with possible regulatory issues.

Bank 269
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Podcast app Castro now owned by indie developer Bluck Apps

TechCrunch: M&A

Nearly two months after Castro, the third-party podcast app, announced it was seeking new ownership, the company revealed today that it has officially been bought by Bluck Apps, an independent app studio that developed Android podcast app Aurelian. In November, Castro’s future was questioned when a former employee, Mohit Mamoria, posted on X that the […] © 2024 TechCrunch.

IT 284
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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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Robb Green on Wealth Creation, Business Acquisition, and E-Commerce Growth Strategies

How2Exit

b' E181: Robb Green on Wealth Creation, Business Acquisition, and E-Commerce Growth Strategies - Watch Here rn rn About the Guest(s): Robb Green is an experienced entrepreneur and e-commerce expert. He has built and sold multiple brands in the e-commerce space, specializing in private label brands. With over eight years of experience in the industry, Robb has a deep understanding of the Amazon marketplace and has successfully navigated the challenges of building and scaling e-commerce businesses

Business 130
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The Baltimore Sun’s New Owner Has the Newsroom on Edge

The New York Times: Mergers, Acquisitions and Dive

The news that David D. Smith, the executive chairman of the conservative Sinclair Broadcast Group, had bought The Sun has generated alarm inside and outside the newsroom.

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These ‘Magnificent’ Seven Tech Stocks Are Driving the Market

The New York Times: Banking

See how a handful of stocks have had an outsize impact on the performance of the S&P 500

S&P 133
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JPMorgan sees Tesla dropping another 30%, says falling profits don't support high valuation

CNBC: Investing

Analyst Ryan Brinkman cut JPMorgan's stock price target for Tesla to $130, which would imply about 30% downside from Thursday's close of $182.63.

Valuation 143
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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?