Sat.Nov 25, 2023 - Fri.Dec 01, 2023

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SpaceX acquires parachute company for $2.2M – because it turns out space-rated parachutes are very hard

TechCrunch: M&A

SpaceX is known for its vertical integration, but one component it’s been outsourcing is parachutes — until earlier this month, when the company quietly acquired parachute vendor Pioneer Aerospace after its parent company went bankrupt. The Information first reported the news. This is the second known acquisition for SpaceX, which acquired small satellite startup Swarm […] © 2023 TechCrunch.

IT 340
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Ireland Introduces Foreign Investment Screening Regime

JD Supra: Mergers

The Development: The Screening of Third Country Transactions Act 2023 (the "STCT Act") was signed into law on October 31, 2023, introducing a new investment screening regime in the Republic of Ireland ("Ireland") with a mandatory filing system and a broad call-in power.

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Inside Tips From A Professional Recruiter: Counteroffers

H. Friedman Search

How Do You Avoid A Counteroffer? As we start to wrap up the end of the year, starting today I will be sharing brief but poignant inside tips to help from a professional recruiter. Whether you are a candidate looking for a position, a hiring manager, or internal HR, all should find these tips especially useful and insightful. The purpose of sharing these ideas is that if everyone (both the candidate and the hiring managers) is aware of them, the process should go much more efficiently with no sur

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Jezebel to Be Resurrected by Paste Magazine

The New York Times: Mergers, Acquisitions and Dive

The pioneering feminist website is being sold to Paste by G/O Media, which had shut down the site this month.

Media 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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Yieldstreet to acquire real estate investment platform Cadre

TechCrunch: M&A

Alternative investment platform Yieldstreet announced today that it has agreed to acquire Cadre, an online real-estate-focused investment platform aimed at institutional and high net worth investors. Financial terms of the deal were not disclosed. Founded in 2015, Yieldstreet gives people a way to invest in areas like real estate, marine/shipping, legal finance, commercial loans and […] © 2023 TechCrunch.

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The Subtle but Significant Shift at U.S. Justice Department

JD Supra: Mergers

In October, deputy attorney general Lisa Monaco made headlines when she announced a new leniency policy at the U.S. Justice Department for companies that disclose compliance violations discovered during mergers and acquisitions.

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Munger in final interview describes how he and Buffett turned Berkshire Hathaway into such a success

CNBC: Investing

"It was an amazing occurrence," said Munger.

IT 145
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NomuPay, formed out of Wirecard’s ashes, acquires Total Processing for tooling and customer service

TechCrunch: M&A

NomuPay — the payments startup that was formed out of some of the healthier pieces of the dramatically failed fintech Wirecard — has made an acquisition as it continues on its trajectory of better economies of scale. It has picked up Total Processing, a startup out of Manchester that builds payment processing solutions for functions […] © 2023 TechCrunch.

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U.S. Anesthesia Partners and Welsh Carson File Motions to Dismiss FTC Antitrust Case

JD Supra: Mergers

As reported in a prior blog post, the Federal Trade Commission (“FTC”) filed suit in federal district court in September alleging that U.S. Anesthesia Partners, Inc. (“USAP”), and the private equity firm Welsh, Carson, Anderson & Stowe (“Welsh Carson”), which created USAP, executed a multi-year anticompetitive scheme to consolidate anesthesiology practices in Texas, drive up the price of anesthesia services provided to Texas patients, and boost their own profits.

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Gold Bars and Tokyo Apartments: How Money Is Flowing Out of China.

The New York Times: Banking

Chinese families are sending money overseas, a sign of worry about the country’s economic and political future. But a cheaper currency is also helping exports.

Economics 145
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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 to Put ‘Community’ Back in the Mission of Community Hospitals

The New York Times: Mergers, Acquisitions and Dive

Nonprofit hospitals are behaving in ways that seem to focus more on dollars than patients.

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Amazon’s iRobot purchase sucks up formal competition concerns in EU

TechCrunch: M&A

European Union regulators have sent Amazon a formal statement of objections setting out competition concerns over its proposed acquisition of robot vacuum maker, iRobot. The step does not confirm the EU will seek to block the deal but it shows antitrust regulators do remain concerned. It could therefore push Amazon to offer remedies to EU […] © 2023 TechCrunch.

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Employee Ownership Trusts: Full Steam Ahead After Government’s Fall Economic Statement

JD Supra: Mergers

On November 21, 2023, the Government of Canada released its Fall Economic Statement. Among the measures included in the statement are improved tax incentives for Employee Ownership Trusts (“EOTs”).

Economics 192
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How Munger and Buffett's 60-year partnership was so special: 'Charlie and I have never had an argument'

CNBC: Investing

The journey to Munger and Buffett's unparalleled success was full of learning, experience and laughter, but never an argument.

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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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Citi Executive Sues the Bank Over Sexual Harassment

The New York Times: Banking

Ardith Lindsey, a managing director, is accusing the bank of tolerating a culture in which managers sexually harassed her.

Banking 140
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Consider three lenses when building your go-forward brand

TechCrunch: M&A

Your business must ensure that internal and external targets understand what the merged company will deliver and how it will make it happen. © 2023 TechCrunch. All rights reserved. For personal use only.

Business 219
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Revamping the Rules: Canadian Competition Act Update

JD Supra: Mergers

Expanded scope for private enforcement, wider net cast for merger reviews, and other amendments in latest reform proposals - On November 28, 2023, the Canadian government proposed significant and wide-ranging amendments to the Competition Act (Act) that were previewed in the government’s Fall Economic Statement.

Economics 188
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This exchange is expanding its short-term options portfolio as 'zero-day' bets boom

CNBC: Investing

Nasdaq launched new short-term options on asset classes like oil and bonds that expire on Wednesdays.

Portfolio 138
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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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Corporate America Has Dodged the Damage of High Rates. For Now.

The New York Times: Banking

Small businesses and risky borrowers face rising costs from the Federal Reserve’s moves, but the biggest companies have avoided taking a hit.

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M&A Disclosure: 7th Cir. Says Information About Alternative Deal Structure Not Material

Deal Lawyers

Earlier this month, in Smykla v. Molinaroli, (7th Cir.; 11/23) the 7th Circuit rejected disclosure claims premised on alleged misstatements and omissions in a proxy statement relating to the 2016 inversion transaction between Johnson Controls & Tyco International.

M&A 133
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Government’s “Generational Changes to Competition Law in Canada” Increase Risks for Canadian Businesses

JD Supra: Mergers

On November 28, 2023 the Canadian government unveiled another round of amendments to the Competition Act that had been previewed in its Fall Economic Statement the previous week. These changes, together with several amendments already introduced in September 2023, represent the most significant changes to Canadian competition law since the Competition Act was introduced in 1986.

Business 183
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Regulation is the main sticking point for crypto as bitcoin inches to another new 2023 high

CNBC: Investing

Bitcoin rallied to start the week, touched a 2023 high to end it and suffered a brief drop in between, weighed down by the trouble at Binance.

IT 135
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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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Climate Protesters Get in Fed’s Face as Policy Clash Grows Louder

The New York Times: Banking

Jerome H. Powell, the central bank’s chair, has been interrupted recently by a climate group that thinks disruption will win the day.

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Due Diligence: Data Privacy & Cybersecurity Issues

Deal Lawyers

This Gibson Dunn memo reviews some of the privacy and cybersecurity issues that buyers should keep in mind when conducting M&A due diligence.

M&A 133
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Private capital's place in the Middle East energy transition

JD Supra: Mergers

Ambitious plans for renewable energy projects will create long-term opportunities for private funds and sovereign investors in the region, say Ben Ward and Kamar Jaffer. They explore the trends in private markets and what they could mean for the future of energy transition.

Capital 183
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Wall Street closes amazing November in a bullish mood, and for good reason

CNBC: Investing

Of the 10 major financial firms, only two (Morgan Stanley and JP Morgan) see the S&P 500 lower next year.

S&P 132
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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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M&A Through The Eyes of The Strategic Acquirer with Scott Kaeser

How2Exit

b' E163: M&A Through The Eyes of The Strategic Acquirer with Scott Kaeser - Watch Here rn rn Sponsor: rn rn Reconciled provides industry-leading virtual bookkeeping and accounting services for busy business owners and entrepreneurs across the US. Their team is experienced in M&A, and they hire the best talent available. Reconciled sets the standard for consistency and quality that you can count on. rn Visit [link] rn _ rn About The Guest(s): Scott Kaeser is the Chief Development Officer

M&A 130
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U.K. Opens Inquiry Into Jeff Zucker’s Emirati-Backed Bid for The Telegraph

The New York Times: Mergers, Acquisitions and Dive

British regulators announced a review into whether the bid, backed mostly by funds from the United Arab Emirates, could result in adverse foreign influence over the British press.

Funds 128
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Office of Health Care Affordability Publishes Near-Final Regulations on Health Care Transaction Notice Requirements

JD Supra: Mergers

On Tuesday, November 28, 2023, California’s Office of Health Care Affordability (“OHCA”) published its latest version of the proposed regulations requiring advanced notice of certain health care transactions in California for final approval by California’s Office of Administrative Law (“OAL”). The publication included the proposed regulations, a notice of proposed emergency rulemaking, and a finding of emergency detailing the policy justifications and commentary on each part of the draft.

IT 177
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Cathie Wood’s Innovation ETF is up more than 30% in November, on pace for its best month ever

CNBC: Investing

The fund rebounded drastically from three straight months of losses, pushing 2023 gains to 48%.

Funds 132
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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?