Sat.Oct 28, 2023 - Fri.Nov 03, 2023

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Get it in Writing or Else! Business Broker or "Finder's" Agreements

JD Supra: Mergers

The economy relies on brokers to connect parties with mutual business interests and needs, whether it is the sale of real estate, procurement of insurance, or joint investment. The broker plays a very important role in connecting these parties, but she also takes on substantial risk that once the parties are connected, the broker will be forgotten, leaving the parties to conduct their business without paying a “finder’s fee” to the broker for initiating the relationship.

Broker 180
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Confirmed: Palo Alto Networks buys Dig Security, sources say for $400M

TechCrunch: M&A

We reported in September that Palo Alto was getting ready to make yet more security acquisitions out of Israel, specifically of Dig Security and Talon. Today, some confirmation of one of those has arrived: The U.S. security giant said it would be acquiring Dig. The company is not disclosing the financial terms but our sources say […] © 2023 TechCrunch.

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Busted Deals: Q3 Deal Terminations Lowest Since 2020

Deal Lawyers

According to this S&P Global report, despite the increasing challenges buyers face in obtaining financing and the other macro headwinds facing dealmakers, Q3 deal terminations reached their lowest level since 2020. Here are some of the key takeaways from the report: – Only two private equity-backed deals terminated in Q3 2023.

S&P 124
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The Past Is Not The Past

H. Friedman Search

Last week we discussed if you can still make a move in 2023. Today I want to explore the parts of the move process that many are starting to overlook as the anxiety to get a new position increases. What area exactly? The crucial area of the background check. The background check has been expanded significantly from the old days of just running fingerprints to the firms and their human resource departments taking advantage of the information age.

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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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[Audio] A View From the Starting Line – A Conversation with Teenpreneur Tierney Schmidt

JD Supra: Mergers

Today's Founders Shares podcast episode presents a unique perspective that I'm sure will resonate with many of you. We typically delve into the stories of seasoned entrepreneurs and their businesses. However, this time, we're flipping the script. In this episode, we're going to embark on a journey with someone who's at the starting line, someone who's young, and full of potential, but hasn't yet launched a full-fledged business.

Business 206
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Ford snaps up EV power startup to boost its charging tech

TechCrunch: M&A

Ford is buying and burying Auto Motive Power, or “AMP” for short, to bolster its charging, battery management and power conversion tech. The secretive energy startup once claimed to power “most of the world’s top electric OEMs,” though as far as we can tell it never disclosed its customers publicly. Following the deal, Los Angeles-based […] © 2023 TechCrunch.

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More Trending

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Sam Bankman-Fried Is Found Guilty of 7 Counts of Fraud and Conspiracy

The New York Times: Banking

The case against the founder of the failed FTX exchange had come to symbolize the excesses of the volatile cryptocurrency industry.

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What's The Forecast For Tech M&A?

JD Supra: Mergers

Morrison Foerster is pleased to share with our clients and friends the results of our 2023 Tech M&A Survey, published in conjunction with Mergermarket. Mergermarket surveyed 300 dealmakers from around the world in order to gain valuable insights into the future of technology-related M&A.

M&A 194
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HubSpot picks up B2B data provider Clearbit to enhance its AI platform

TechCrunch: M&A

HubSpot, the Boston-based marketing software maker and CRM platform, announced today it’s acquiring the B2B data provider Clearbit to enhance its platform with third-party company data spanning millions of businesses. The deal also brings Clearbit’s over 400,0000 users and 1,500+ business customers to HubSpot and will eventually see the two platforms combine in order to provide […] © 2023 TechCrunch.

IT 287
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Disney Says It Will Take Full Control of Hulu

The New York Times: Mergers, Acquisitions and Dive

The company will pay at least $8.61 billion to Comcast, which owned a 33 percent stake of the popular streaming service.

IT 144
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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 Does the World’s Largest Hedge Fund Really Make Its Money?

The New York Times: Banking

Ray Dalio’s investing tactics have always been a closely kept secret, even inside Bridgewater Associates. Several years ago, some of Wall Street’s biggest names set out to discover his edge.

Funds 145
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Get Your Pre-Merger Compliance Programs in Order: Department of Justice Announces M&A Safe Harbor Policy

JD Supra: Mergers

On October 4, 2023, Deputy U.S. Attorney General Lisa O. Monaco announced that the United States Department of Justice (DOJ) is implementing a new nationwide Mergers & Acquisitions Safe Harbor Policy (the “M&A Policy”).

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With deadline looming, Broadcom tries to push $61B VMware deal over finish line

TechCrunch: M&A

Broadcom announced its intention to buy VMware for $61 billion in May 2022. After clearing a number of regulatory hurdles, including the U.S., UK and European Union, it announced in August that the deal would close today. But this morning the company indicated that there was one more obstacle, with reports indicating that Chinese regulators […] © 2023 TechCrunch.

IT 245
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The S&P 500 has entered a correction. Here's why Warren Buffett likely thinks that's good news

CNBC: Investing

Buffett thinks the average investor should ignore any turbulence in the broader market and avoid panic selling.

S&P 139
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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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Sam Bankman-Fried Denies Knowing FTX Money Was Missing, as He Concludes Testimony

The New York Times: Banking

The founder of the FTX crypto exchange was grilled by a federal prosecutor for a second day, just before both sides rested their case in the criminal fraud trial.

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Competition Global Guide: Canada Q&A - Merger notification flowchart: Canada

JD Supra: Mergers

A Q&A guide to competition law in Canada. The Q&A provides a high-level overview of the antitrust and competition law rules for restraints of trade and dominance, merger control and the legal approach to joint ventures. Pleases see full Publication below for more information.

Mergers 185
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PagerDuty scoops up incident management startup Jeli.io

TechCrunch: M&A

PagerDuty announced this afternoon that it intends to acquire Jeli.io, an early-stage incident management startup. The companies did not share the price. Jeli was founded in 2019 by Nora Jones, a chaos engineering veteran, who had previously worked at Netflix and Slack. Jones went to work building a company that could help customers figure out […] © 2023 TechCrunch.

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Merger Agreements: Del. Chancery Addresses Enforceability of Con Ed Clause

Deal Lawyers

About this time last year, I blogged about Chancellor McCormick’s decision in Crispo v. Musk, (Del. Ch.; 10/22) which addressed an issue that Delaware is still sorting out – the circumstances under which a stockholder may assert a claim as a third-party beneficiary to an acquisition agreement.

Mergers 133
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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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Sam Bankman-Fried’s Trial Nears Finish as Closing Arguments Are Made

The New York Times: Banking

Prosecutors said Mr. Bankman-Fried had built his FTX crypto exchange into a “pyramid of deceit” while the defense said he was simply a “math nerd” who had no intent to defraud.

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Antitrust in focus - October 2023

JD Supra: Mergers

The Foreign Subsidies Regulation (FSR) establishes a new regime, enforced by the European Commission (EC), to regulate subsidies granted by non-EU countries to businesses active in the EU that could distort competition in EU markets.

Business 185
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Something for the bulls: November is typically the best month for the stock market

CNBC: Investing

Wall Street could be in store for a November uptick if seasonal data holds true.

Stock 133
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Deal Lawyers Download Podcast: How Generative AI is Impacting M&A

Deal Lawyers

Datasite recently published a survey of more than 500 global dealmakers on how generative AI is impacting the M&A process. In our latest Deal Lawyers Download Podcast, Doug Cullen, Datasite’s Chief Product & Strategy Officer, joined me to discuss the survey.

M&A 133
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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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Swift Reversal in Bonds and Rally in Stocks Cap Wild Week for Markets

The New York Times: Banking

A series of data reports and actions by policymakers have led investors to reassess their assumptions about interest rates and the economy.

Stock 134
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Saudi Arabia: New Thresholds for Merger Filings, and New Conditional Approvals

JD Supra: Mergers

Saudi Arabia's General Authority for Competition recently announced key changes to its merger control notification thresholds, adding a new local nexus test and a new minimum turnover threshold for the acquired entity. This is a significant development in parallel to the GAC's increasingly active role in merger enforcement, including new cases where behavioral and structural remedies were required as conditions for approving deals.

Mergers 180
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JPMorgan Chase discloses multiple investigations by U.S. regulators

American Banker - Investment Banking

Regulators are looking into practices within JPMorgan's securities arm and investigating parts of its trading operations, according to a regulatory filing by America's largest bank.

Bank 132
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KKR Closes Deal to Buy Simon & Schuster

The New York Times: Mergers, Acquisitions and Dive

The process of selling Simon & Schuster has been long and tumultuous, and was waylaid by an earlier antitrust suit.

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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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Jury Begins Deliberations for a Verdict in Sam Bankman-Fried’s Trial

The New York Times: Banking

The trial for the founder of the collapsed FTX cryptocurrency exchange has moved more speedily than anticipated.

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Big Oil displays commitment to net zero through dealmaking

JD Supra: Mergers

Recent megadeals like ExxonMobil’s proposed US$60 billion acquisition of Pioneer Natural Resources and Chevron’s US$53 billion move for Hess underscore the industry’s focus on delivering oil and gas as part of the energy mix. However, an accompanying drive to cut carbon emissions has generated a flurry of M&A deals over recent years. These transactions have seen several participants in the industry seek to switch the mix of fossil fuels—reducing heavy oil production and increasing gas.

M&A 180
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10-31-2023 Newsletter: October 31st PROMO!

OfficeHours

Use Code: TRICKORTREAT There’s been no better time to utilize our Platform and Top Tier Resources to accelerate your PE Prep! In honor of 10/31… we’re offering a promotion of only $10.31 for OfficeHours Platform Access! Use code TRICKORTREAT at checkout to grab your exclusive discount! Check out our Private Equity Curriculum Celebrating 10/31 with LIMITED ACCESS to $10.31 Lifetime Access to our PE Resources!

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Jeffrey Oboy of Paratus Capital Shares his Search for the Right Business Acquisition

How2Exit

b' E154: Jeffrey Oboy of Paratus Capital Shares his Search for the Right Business Acquisition - Watch Here rn rn Here is what my team and I learned from this interview: (These are notes from team members, writers, sometimes AI, and even listeners who submitted what i learned loosely edited and shared here) - If it seems a bit unrefined, you're reading our notes, so. yeah.

Business 130
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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?