Sat.Aug 31, 2024 - Fri.Sep 06, 2024

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Salesforce acquires data management firm Own for $1.9B in cash

TechCrunch: M&A

Salesforce has acquired Own Company, a New Jersey-based provider of data management and protection solutions, for $1.9 billion in cash. Own is Salesforce’s biggest deal since buying Slack for $27.7 billion in 2021. The company reportedly considered — but ultimately decided against — purchasing data management software firm Informatica earlier this year.

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Question of the Week: What is the next frontier in AI mergers and acquisitions, and how will it shape the future landscape of the industry?

JD Supra: Mergers

"We’re currently seeing a lot of follow-on investments into AI. For example, sponsors are making incremental investments into portfolio companies or using portco balance sheet cash and/or stock to finance acquisitions of minority investments in or joint venture transactions with AI-focused companies.

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A Critical Key To The Hiring Process: Your “Why”

H. Friedman Search

Motivation. All the great trainers and speakers talk about it. Famous sports coaches talk about it being your “why” because if it is not big enough you won’t push yourself through the inevitable obstacles you will face. A continuing theme of HBO’s Hard Knocks for sure. So, how does this pertain to hiring in 2024/2025? The Layers As I have written about over the last couple of months, it’s a very different environment to getting and being hired – for both the candidate and the hiring manage

Finance 216
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Carl Icahn, Activist Investor, Faces Intense Scrutiny From Wall Street

The New York Times: Banking

The value of the 88-year-old activist investor’s company has fallen by nearly $20 billion. Mr. Icahn said that he was “absolutely not selling.

Investors 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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From InstaDeep to Paystack: Here are Africa’s biggest startup exits and how much they raised

TechCrunch: M&A

As we continue to monitor the growth of Africa's tech ecosystem, it’s essential to highlight and analyze the biggest disclosed acquisitions. © 2024 TechCrunch. All rights reserved. For personal use only.

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Bank of America says Nvidia is a buy, near the cheapest in 5 years

CNBC: Investing

Shares of Nvidia have pulled back 14% in the past quarter, opening up an attractive entry point for investors, Bank of America said.

Bank 144
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Stock Slide as Investors Wrestle With Shifting Bets on Rate Cuts

The New York Times: Banking

The stock market “can’t win” at the moment, said Andrew Brenner, head of international fixed income at National Alliance Securities. “Heads I lose, tails I lose.

Stock 144
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Verizon bets on fiber’s staying power as it acquires Frontier for $20B

TechCrunch: M&A

Verizon's big interest in Frontier is its fiber business and the fact that it extends to places that Verizon does not currently cover as well. © 2024 TechCrunch. All rights reserved. For personal use only.

IT 249
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Justice Department’s New Task Force on Health Care Monopolies and Collusion

JD Supra: Mergers

DOJ recently formed the Antitrust Division’s (the “Division”) Task Force on Health Care Monopolies and Collusion (“HCMC”), signaling anticompetitive activity in health care markets as an enforcement priority.

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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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Goldman tells clients to go for gold, likes metal amid geopolitical risk, rate cuts

CNBC: Investing

Gold futures have surged nearly 22% this year, with the precious metal poised to rally even more when the Federal Reserve starts cutting interest rates.

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Why It’s So Hard for China to Fix Its Ailing Economy

The New York Times: Banking

A real estate collapse has made consumers cautious and businesses wary, as China confronts a crisis unlike any other since it opened its economy to the world.

IT 145
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Larry Ellison Will Control Paramount After Skydance Merger

The New York Times: Mergers, Acquisitions and Dive

An F.C.C. filing shows that companies affiliated with Mr. Ellison will own most of the voting interest currently held by Shari Redstone.

Mergers 131
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Australia’s proposed mandatory merger notification thresholds announced

JD Supra: Mergers

On Friday 30 August 2024 the Australian Government released its much-anticipated proposed mandatory merger notification thresholds, marking a significant milestone in Australia’s shift to a mandatory merger regime. The thresholds for Australia's proposed mandatory and suspensory regime have been released and will be open for public consultation until 20 September 2024.

Mergers 297
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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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Nvidia is a no-go for over half of this ultra-rich club's members with assets worth $165 billion

CNBC: Investing

Over half of Tiger 21's members don't invest in Nvidia, according to a recent asset allocation report released by the network of ultra high net worth investors.

Investors 141
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For the Fed, a Sign That the Job Market Is Cooling but Not Imploding

The New York Times: Banking

Fed officials have been watching the job market as they move toward a rate cut this month. Friday’s report contained good and bad news.

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Diving Deep into SME Acquisitions: Essential Insights, Strategies, and Success Secrets

How2Exit

E241: Diving Deep into SME Acquisitions: Essential Insights, Strategies, and Success Secrets - Watch Here About the Guest(s): Danny O'Neill : Danny O'Neill is a seasoned entrepreneur with a rich background in sales and marketing. Hailing from Scotland with ties to Ireland, Danny has diverse experience in turning around small businesses. He kickstarted his entrepreneurial journey by aiding in the acquisition and sale of a sensory deprivation tank business.

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Closing with Confidence: Representations and Warranties Insurance in M&A

JD Supra: Mergers

Representations and warranties insurance (RWI) has become an increasingly common feature in mergers and acquisitions (M&A) transactions, serving as a risk management tool for both buyers and sellers. RWI facilitates deal-making by offering protection against financial losses arising from breaches or inaccuracies of the representations and warranties made by the seller in the transaction documents, which are often a contentiously negotiated aspect of a purchase agreement.

M&A 288
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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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Top Wall Street analysts are bullish on these 3 dividend-paying stocks

CNBC: Investing

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Walmart and Energy Transfer.

Stock 138
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America Must Free Itself from the Tyranny of the Penny

The New York Times: Banking

Few things symbolize our national dysfunction as much as this accursed coin, which we mint by the millions because it’s too worthless to spend.

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Non-Competes: What’s Next for the FTC’s Ban?

Deal Lawyers

As Liz shared on CompensationStandards.com in August, a federal judge in the Northern District of Texas struck down the non-compete ban that the FTC adopted earlier this year in Ryan v. Federal Trade Commission, saying that the agency exceeded its authority and that the rule was arbitrary and capricious.

Trading 124
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Singapore: reinventing an ASEAN hub for investments, funds and restructuring

JD Supra: Mergers

Singapore’s status as a leading financial centre in Asia and regional hub for commodity trading, shipping, and increasingly, private capital activity has been cemented over the years, especially in the past decade.

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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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The Fed won't save stocks, sell the first rate cut, says Stifel

CNBC: Investing

“Fed cuts are a red herring,” Stifel strategists said. “We have our doubts about the currently widespread belief that ‘Fed Cuts = Buy Stocks.

Stock 135
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In Japan, the Era of ‘Free’ Mortgages Is Coming to an End

The New York Times: Banking

Homeowners are gearing up to pay more on their loans as the Bank of Japan’s rate increases signal the end of decades of ultralow interest rates.

Banking 137
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Hewlett-Packard to Pursue $4 Billion Claim Against Mike Lynch’s Estate

The New York Times: Mergers, Acquisitions and Dive

The money is tied to a fraud lawsuit in Britain by the tech services giant over its acquisition of Autonomy, the software firm founded by Mr. Lynch, who died last month when his yacht sank.

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July 2024 HSR Transactions: What GDP Growth and Economic Trends Mean for eDiscovery

JD Supra: Mergers

ComplexDiscovery’s Editor’s Note: This article provides a detailed analysis of the July 2024 HSR transaction data and key economic indicators, emphasizing their impact on the eDiscovery sector. It explores the implications of GDP growth, personal income trends, and inflationary pressures on legal budgets and strategic spending within various industries.

Economics 272
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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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Here are JPMorgan’s top stock picks for September

CNBC: Investing

JPMorgan has unveiled its September Analyst Focus List, including three additions and four removals from August.

Stock 134
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Lebanon Detains Riad Salameh, Former Head of Central Bank

The New York Times: Banking

Riad Salameh, once seen as an international financial wizard, is the subject of multiple inquiries and has attracted blame for the country’s economic crisis.

Economics 137
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Earnouts: Chancery Decision Offers Tips for Drafting Acceleration Provisions

Deal Lawyers

In late August, the Chancery Court declined to dismiss claims a buyer breached an SPA by failing to make certain earnout payments. At issue in Medal v. Beckett Collectibles (Del.Ch.; 8/24) was whether the earnout payments had been accelerated under the terms of the SPA. Here’s the background from this Fried Frank memo: Section 2.

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