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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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 143
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Biden Expected to Block U.S. Steel Takeover

The New York Times: Mergers, Acquisitions and Dive

The Committee on Foreign Investment in the United States is expected to raise national security concerns about selling the iconic steel producer to Japan’s Nippon Steel.

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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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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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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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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 139
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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 224
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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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Provide Real Value in Your Applications with Data and Analytics

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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7-Eleven Rejects Takeover Bid From Big Canadian Chain

The New York Times: Mergers, Acquisitions and Dive

Japan’s Seven & i Holdings, the operator of 7-Eleven, has rebuffed a buyout offer that would have been the largest foreign-led acquisition of a Japanese company.

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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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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 144
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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 291
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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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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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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.

Banking 144
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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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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 283
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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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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 117
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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 133
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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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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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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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Citadel equity trader returns to Citi after four years

The TRADE

Vincent Hall has joined Citi as an equity trader following two years at Citadel where he served in the same role. He returns to Citi after four years, having previously worked at the firm as associate vice president in emerging markets equity trading. Elsewhere in his career, Hall has also worked at BlackRock as an associate. Read more: Fireside Friday with… Citi’s Chris Gooch Earlier this year, Citi appointed Jamie Miller as new head of electronic equity sales trading for the EMEA region , as

Equities 101
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Friday's big stock stories: What’s likely to move the market in the next trading session

CNBC: Investing

The S&P 500 slid a third time on Thursday as traders braced for the big August jobs report. Here's what CNBC TV is watching going into Friday.

S&P 125
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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 129
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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 268
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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?

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Building a New Service Offering around Cisco ThousandEyes: A Guide for Managed Service Providers

Cisco: M&A

Discover how MSPs can leverage Cisco ThousandEyes to create tiered services, enhance DXA, and deliver proactive solutions for optimal network performance and customer satisfaction. Transform your offerings and drive success.

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Wednesday's big stock stories: What’s likely to move the market in the next trading session

CNBC: Investing

Tech shares sold off sharply Tuesday, dragging the S&P 500 to its worst day since August. Here's what CNBC TV is watching going into Wednesday.

S&P 123
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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 130