Sat.Jul 27, 2024 - Fri.Aug 02, 2024

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Canva acquires Leonardo.ai to boost its generative AI efforts

TechCrunch: M&A

Canva has acquired Leonardo.ai, a generative AI content and research startup, as the company looks to broaden the scope of its AI tech stack. The financial terms of the deal weren’t disclosed, but Canva co-founder and chief product officer Cameron Adams said it’s a mix of cash and stock. All of Leonardo.ai’s 120 employees will […] © 2024 TechCrunch.

IT 356
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All together now: Post-acquisition compliance program integration

JD Supra: Mergers

The due diligence process is a critical element in a merger and acquisition transaction. Most companies clearly define the steps and rarely skip them. However, the participants in the process vary widely, and ethics and compliance are often overlooked. In a perfect world, the chief ethics and compliance officer and the ethics and compliance team would be part of the deal team early on, consulted in “go or no-go” decisions, and have a seat at the table throughout the process.

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Background Checks: Where Everything Comes To Light

H. Friedman Search

This week let’s talk about background checks. This will pertain to both public finance bankers, bond counsels, and other people outside of our cottage industry. Since we are dealing with money, assets, and fiduciary relationships, the background check that all the firms do is paramount for someone getting hired. All firms are doing some sort of background check whether formal or informal.

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Helping Business Owners Achieve Successful Exits: Proven Strategies for a Smooth Transition

How2Exit

E234: Helping Business Owners Achieve Successful Exits: Proven Strategies for a Smooth Transition - Watch Here About the Guest(s): Christine McDannell is the founder and principal intermediary of The Magnolia Firm, a boutique business brokerage firm. Boasting over 20 years of entrepreneurial experience, Christine has built, sold, exited, acquired, and merged numerous businesses.

Business 130
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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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EU greenlights HPE’s $14B Juniper Networks acquisition

TechCrunch: M&A

The European Commission (EC) has given the go-ahead to HPE's planned megabucks acquisition of Juniper Networks. © 2024 TechCrunch. All rights reserved. For personal use only.

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Earnouts: Unusually Buyer-Friendly Language Defeats Plaintiff’s Claims

Deal Lawyers

In Fortis Advisors v. Medtronic Minimed, (Del. Ch.; 7/24), the Delaware Chancery Court dismissed claims by a sellers’ representative that the buyer wrongfully deprived the target’s former stockholders of a $100 million contingent milestone payment.

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Customer Focus: The Key to Transforming a Struggling HOA Company into a Success Story

How2Exit

E235: Customer Focus: The Key to Transforming a Struggling HOA Company into a Success Story - Watch Here About the Guest(s): Brian Shields is a seasoned acquisition entrepreneur with over 15 years of experience in investment banking, private equity, and business acquisition and management. After starting his career in New York's fast-paced financial sector, Brian transitioned into operations, gaining hands-on experience running businesses.

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Sennder buys CH Robinson’s European business

TechCrunch: M&A

Sennder is acquiring the European ground transportation assets of logistics giant C.H. Robinson. © 2024 TechCrunch. All rights reserved. For personal use only.

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Energy & Sustainability M&A Activity – August 2024

JD Supra: Mergers

June 26, 2024: Infintium Fuel Cells, a manufacturer of a variety of hydrogen power cells with a maximum power of 35kWh, which act as an alternative to electric batteries, enabling businesses in the material handling industry to increase productivity, lower costs and deliver true-zero emissions, acquired Goldenstone Acquisition for $18 million through a reverse merger.

M&A 299
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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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2024 DGCL Amendments: Drafting Tips for M&A Documents

Deal Lawyers

This recent Greenberg Traurig memo addresses the implications of the 2024 DGCL amendments that drafters of merger agreements, resolutions, and other corporate documents should keep in mind.

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Buffett's Berkshire sells $3.8 billion worth of Bank of America in 12-day selling spree

CNBC: Investing

Berkshire Hathaway dumped a total of 19.2 million BofA shares over the past three days for almost $779 million, according to a new regulatory filing.

Bank 145
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Scammers Are Targeting Older Americans and Their Retirement Savings

The New York Times: Banking

Criminals on the internet are increasingly going after Americans over the age of 60 because they are viewed as having the largest piles of savings.

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FTC Focus: Private Equity Investments In Healthcare

JD Supra: Mergers

U.S. antitrust regulators, particularly the Federal Trade Commission, have been stepping up scrutiny of private equity investments in healthcare. On March 5, the FTC, along with the U.S. Department of Justice and the U.S. Department of Health and Human Services, issued a joint request for public comment on consolidation in healthcare markets, citing concerns that PE "transactions may lead to maximizing profits at the expense of quality care.

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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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2024 DGCL Amendments: The Impact of the “Donut Hole” on Pending Cases

Deal Lawyers

I don’t usually delay blogging about Chancery Court decisions, but I did last week after working my way through Vice Chancellor Laster’s opinion in Seavitt v. N-Able, (Del. Ch.; 7/24). The case is the latest in the series of post-Moelis cases challenging governance provisions in stockholders’ agreements working their way through the Chancery Court.

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Berkshire's mounting cash pile could top $200 billion as Buffett continues selling stock

CNBC: Investing

The Omaha-based conglomerate's cash hoard is likely to exceed its previous record of $189 billion when it reports quarterly earnings Saturday.

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The Stranger in Seattle Gets a New Owner, With Plans for Expansion

The New York Times: Mergers, Acquisitions and Dive

Noisy Creek, a new media company, has bought The Stranger and The Portland Mercury, two of the country’s best known alternative weeklies.

Media 142
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Antitrust M&A Snapshot | Q2 2024

JD Supra: Mergers

UNITED STATES - - Agencies Revisiting Consummated Mergers - What’s old is new again, as agencies are increasingly scrutinizing consummated mergers from years past. In May 2024, the US Department of Justice (DOJ), Antitrust Division, together with 30 states and the District of Columbia, sued Live Nation, alleging monopolization and other claims. If successful, the lawsuit could result in Live Nation being forced to sell Ticketmaster despite regulators clearing the combination in 2010.

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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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Unveiling the Evolution of Fintech: A Journey from Convergence to Community – FTS.money

Global Banking & Finance

By Ajmal Samuel, Founder and CEO of FTS.money The landscape of financial technology, commonly known as fintech, has undergone a remarkable evolution over the years. What we recognise today as a fintech revolution traces its roots back to the early 21st century, marked by significant developments starting in the mid to late 2000s.

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Bill Ackman's Pershing Square withdraws IPO as demand for offering waned

CNBC: Investing

Bill Ackman's Pershing Square USA withdrew its plans for an initial public offering after demand fell below original expectations.

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The News Movement Showed How Hard It Is to Profit From Gen Z on Social Media

The New York Times: Mergers, Acquisitions and Dive

The Washington Post is creating a division to find valuable audiences in new places. The C.E.O.’s last company shows that’s a tough road.

Media 128
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Preparing to Sell Your Business

JD Supra: Mergers

There are several steps to follow when preparing to sell your business. It is important to allow plenty of time for planning and organization, as the process will usually require many months to a year or more. Why does it take so long to prepare your business for sale? The simple reason is that many owners of LLCs, S Corporations, and even C Corporations do not keep up to date with business financial records and the documentation required to successfully sell or transfer a business.

Business 284
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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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Elevating Wealth Management through Strategic Technology Integration and Cloud Migration

Global Banking & Finance

By P.Venkatesh, Director – Thought Leadership, Maveric Systems Limited As banks navigate the ever-evolving landscape of wealth management, their strategic investment in robust IT architectures and cloud adoption prepares them to adapt and innovate effectively. This forward-thinking approach enhances their ability to manage and protect assets while equipping them to leverage emerging technologies and trends.

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New Vanguard CEO says improving customer experience is a 'very high' priority and AI could help

CNBC: Investing

Salim Ramji comes to Vanguard from rival BlackRock, making him the first outsider CEO for the roughly $9 trillion asset manager

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The Fed Is Impacting Our Election, Our Climate, Our Economy

The New York Times: Banking

The Fed’s refusal to lower interest rates is souring the public in an election year, harming vulnerable Americans, hindering the fight against climate change and potentially destabilizing the economy.

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Third Circuit: Unsecured Claim for Royalties from Intellectual Property Purchased by Debtor Discharged Under Chapter 11 Plan

JD Supra: Mergers

Mitigating risk of loss associated with a bankruptcy filing should be an element of any commercial transaction, especially if it involves a sale or license of intellectual property rights. A ruling recently handed down by the U.S. Court of Appeals for the Third Circuit provides a stark reminder of the consequences of when it is not. In In re Mallinckrodt PLC, 99 F.4th 617 (3d Cir. 2024), the Third Circuit ruled that, in the absence of any security, a claim asserted by the seller of intellectual.

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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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Transforming Wealth Management: Reshaping Advisor-Client Relationship through AI

Global Banking & Finance

By Anoop Karumathil Melethil, Vice President – Marketing, Maveric Systems Limited AI is profoundly reshaping the wealth management industry, driving changes that go far beyond operational efficiencies to encompass customer experience and business transformation.

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Warren Buffett starts downsizing his Bank of America bet — Here's what could lie behind the move

CNBC: Investing

Warren Buffett surprised many by reducing one of his longest held and largest positions — Bank of America. Here's what could have driven the sale.

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Disaster Recovery Steps Up With New Cisco NERVs

Cisco: M&A

When natural disasters or cyberattacks strike, communications are often the first to be impacted. In response, Cisco NERVs are on 24/7 standby for rapid deployment, providing advanced and secure communications for emergency responders during disaster recovery.