Sat.Oct 07, 2023 - Fri.Oct 13, 2023

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Canadian Mergers & Acquisitions: A Guide for Investment Banks, Bidders and Boards, 10th edition

JD Supra: Mergers

Davies’ Canadian Mergers & Acquisitions guide draws on our substantial cross-border M&A experience to offer guidance on both the legal framework and practical aspects of Canadian mergers and acquisitions, including critical tax and regulatory considerations. Please see full Guide below for more information.

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Atlassian to acquire former unicorn Loom for $975M

TechCrunch: M&A

Atlassian announced this morning that it is acquiring video messaging service Loom for $975 million, the same company that had a $1.53 billion valuation in May 2021 when it announced a $130 million Series C. That was when companies were still thinking about all work being cloud-based and the future looked oh so bright. As […] © 2023 TechCrunch.

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Mastering Technology Due Diligence and Integrations

Midaxo

During a live Q&A in September — 7 Tips and Tricks for Successful Technology Due Diligence and Integrations — Mart Lumeste, Co-Founder of Intium Tech covered the challenges and best practices for creating technology integration playbooks, managing technical teams post-acquisition, and integrating technologies post-merger. In this follow-up blog post, we’ll outline key takeaways and provide additional insights from questions cut for time to help you master these critical processes.

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Microsoft Closes $69 Billion Activision Blizzard Deal

The New York Times: Mergers, Acquisitions and Dive

The megadeal could strengthen Microsoft’s standing in the video game industry, after a year and a half of negotiations with regulators around the world.

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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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Safe Harbor in the Coming Enforcement Storm? DOJ Announces New M&A Policy to Encourage Compliance

JD Supra: Mergers

On October 4, 2023, Deputy Attorney General Lisa Monaco (the “DAG”) announced a new Mergers & Acquisitions (“M&A”) Safe Harbor Policy issued by the Department of Justice (“DOJ”) as part of her comments detailing increased enforcement efforts of national security related corporate crime and DOJ’s efforts to incentivize stronger compliance efforts.

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It’s official: Microsoft closes $68.7B Activision Blizzard acquisition as UK approves restructured deal

TechCrunch: M&A

After a prolonged antitrust tussle, Microsoft’s near-two-year attempt to buy gaming giant Activision is finally happening, after the U.K.’s Competition and Markets Authority (CMA) accepted a restructured proposal that addresses the CMA’s concerns about Microsoft dominating the cloud gaming market. The crux of Microsoft’s concession to get the deal over the line lies squarely in […] © 2023 TechCrunch.

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Exxon Acquires Pioneer Natural Resources for $60 Billion

The New York Times: Mergers, Acquisitions and Dive

The acquisition of Pioneer Natural Resources, Exxon’s largest since its merger with Mobil in 1999, is a bet that U.S. energy policy will not move against fossil fuels in a major way.

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To Self-Report or Not to Self-Report: With New M&A Safe Harbor Policy, DOJ Tries to Answer the Question

JD Supra: Mergers

It is one of the hardest questions a company can face: after discovering criminal conduct inside your company, do you self-report to the government or not? If you can quickly and quietly fix the problem, then you may be able to fully remediate the issue and avoid any negative publicity or government involvement.

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Block acquires music financial services startup Hifi

TechCrunch: M&A

Block, the Jack Dorsey-founded fintech company previously known as Square, has acquired Hifi, a music-focused fintech startup. The company declined to share deal terms. Hifi founder and CEO Damian Manning announced the news in a LinkedIn post yesterday. The company also updated its website, which states that it’s joining Block to “further our shared purpose […] © 2023 TechCrunch.

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First base for your gen AI journey? Could be efficiency

Accenture Capital Markets

In my previous blog in this short series on generative AI in capital markets, I gave my perspective on why gen AI is so game-changing for our industry. From the highest level, using gen AI to drive efficiencies could help firms to respond to some of the bigger global macroeconomic challenges currently confronting the industry—not least inflationary and economic headwinds as these shifts may also demand firms to undertake cost transformation programs as part of what Accenture calls Total Enterpri

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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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The Upshot of Microsoft’s Activision Deal: Big Tech Can Get Even Bigger

The New York Times: Mergers, Acquisitions and Dive

With the completion of the blockbuster acquisition, the notion that tech giants can grow through “vertical transactions” remains intact.

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Understanding the Differences in the Enforcement of Arbitration Awards and Expert Determinations

JD Supra: Mergers

Is there a difference in enforcement between an arbitration award and an expert determination pursuant to a contract? The answer is yes, according to a recent ruling by the 3rd Circuit U.S. Court of Appeals that includes important lessons for those drafting arbitration provisions.

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Arctic Wolf acquires cybersecurity automation platform Revelstoke

TechCrunch: M&A

Arctic Wolf, a cybersecurity company that’s raised hundreds of millions of dollars in debt and equity, today announced that it plans to acquire Revelstoke, a company developing a security orchestration, automation and response (SOAR) platform, for an undisclosed amount.

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Africa Needs Its Debts Paused So It Can Prepare for Climate Catastrophe

The New York Times: Banking

Instead of receiving funds to address the climate crisis, Africa is borrowing money at a cost up to eight times higher than the rich world to rebuild.

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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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From LSD to I.P.O., Birkenstock Bets Big on Its Global Empire

The New York Times: Mergers, Acquisitions and Dive

Once the symbol of the counterculture, lately the darlings of the fashion world, Birkenstock went public in New York.

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DOJ Announces New Safe Harbor Policy for Reporting of Misconduct in Connection With M&A Transactions

JD Supra: Mergers

On Oct. 4, Deputy Attorney General Lisa Monaco (DAG Monaco) announced a new safe harbor policy for voluntary self-disclosures made in connection with mergers and acquisitions (the Safe Harbor Policy). At the outset of her speech, DAG Monaco recognized that there has been a rapid expansion of national security-related corporate crime.

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CRED in talks to acquire mutual fund startup Kuvera

TechCrunch: M&A

CRED is in talks to acquire Kuvera, a startup that operates an online wealth management platform, a source familiar with the matter told TechCrunch, in what is a sign of the Indian fintech giant’s growing interest in the lucrative category of stock investments and mutual funds. The acquisition deliberations are ongoing and a deal could […] © 2023 TechCrunch.

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Stocks like Microsoft have more room to run, as analysts name their top fourth-quarter picks

CNBC: Investing

Wall Street analysts say these stocks are their best ideas for the fourth quarter.

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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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How One Tiny Island Nation Is Replacing Fossil Fuels With Renewable Power

The New York Times: Banking

Countries like the Maldives want to move away from fossil fuels but have been stymied by the high cost of solar projects.

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Haemonetics Corporation Acquires OpSens, Inc.

JD Supra: Mergers

Haemonetics Corporation announced on October 10th that it would be acquiring OpSens, Inc. The deal between the companies is expected to close by the end of January 2024, according to the press release.

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Why Microsoft had to relinquish Activision’s cloud-gaming rights outside Europe

TechCrunch: M&A

Microsoft has finally done it — nearly two years after the Xbox-maker first revealed plans to acquire gaming giant Activision Blizzard in a mammoth $68.7 billion deal, it has managed to secure U.K. regulatory clearance, meaning that Activision will now be a fully fledged subsidiary. But the antitrust clearance comes with one notable caveat. For […] © 2023 TechCrunch.

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These leveraged short funds are soaring as stocks and bonds sell off. Here's how they work

CNBC: Investing

The list of top performing ETFs since Sept. 19 is dominated by leveraged and leveraged inverse products.

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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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Poison Pills: Trip Wire vs. Last Look Redemption Mechanisms

Deal Lawyers

In a recent post for the CLS Blue Sky Blog, S&C’s Olivier Baum and Harvard Prof Guhan Subramanian discussed data on redemption mechanisms in shareholder rights plans based on 130 poison pills adopted by US companies from January 1, 2020 to March 31, 2023 (excluding NOL pills).

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[Audio] Hear Lisa Monaco's Announcement of M&A Leniency Policy

JD Supra: Mergers

On October 4, 2023 at the Society of Corporate Compliance and Ethics' Compliance & Ethics Institute in Chicago, US Deputy Attorney General Lia A. Monaco spoke live from Washington to the attendees and used this opportunity to announce a new Safe Harbor Policy for voluntary self-disclosures made in the context of the merger and acquisition process.

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AMD acquires Nod.ai to bolsters its AI software ecosystem

TechCrunch: M&A

AMD yesterday acquired Nod.ai, an open source AI software provider, as the chipmaker looks to bolster its efforts to build an ecosystem of AI development tools, libraries and models around its hardware. The acquisition is expected to close this quarter, CNBC reports. AMD didn’t disclose the details of the transaction.

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The outperformance of the 'Big 7' tech stocks will continue for the rest of the year, Wolfe says

CNBC: Investing

The CNBC Magnificent 7 Index is up 90% year to date, compared with about 13% for the S&P 500.

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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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How Microsoft Turned the Tide in Its Regulatory Fight Over Activision

The New York Times: Mergers, Acquisitions and Dive

The company found a way to placate three of the most powerful regulatory bodies in the world, along with a federal judge in San Francisco.

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DOJ Extends Voluntary Disclosure Benefits to Merger and Acquisitions

JD Supra: Mergers

As part of its continuing effort to encourage corporate voluntary disclosures, the Department of Justice announced revised voluntary disclosure policies applicable to mergers and acquisitions. In a speech at the recent annual Society of Corporate Compliance and Ethics annual meeting in Chicago, Lisa Monaco, Deputy Attorney General, outlined the new voluntary disclosure policies.

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UK regulator launches investigation into $19B Vodafone/Three mobile merger

TechCrunch: M&A

When Vodafone and Hutchison-owned Three in the U.K. announced their plan to merge in a non-cash deal to create a $19 billion mega mobile operator in June of this year, we noted that it would likely face a sizeable regulatory hurdle.

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JPMorgan says the peak in yields is near, but it won't be good for stocks

CNBC: Investing

The Wall Street bank said equity investors should remain wary as company earnings and a weakening macroeconomic picture may continue to pressure stocks.

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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?