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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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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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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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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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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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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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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Warren Buffett on what to do during price swings — 'Volatility is a huge plus to the real investor'

CNBC: Investing

The Berkshire Hathaway CEO believes volatility shouldn't matter to those who view their equity stakes as small pieces of businesses.

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Cboe Global Markets appoints new head of derivatives

The TRADE

Cboe Global Markets has appointed Catherine Clay as global head of derivatives as part of new senior leadership changes made by the firm to support growth strategies. Clay previously served as global head of data and access solutions and digital and will now oversee Cboe’s global derivatives business. This will include futures and options markets in the US and Europe, alongside globally traded proprietary products including S&P 500 Index option and VIX franchises.

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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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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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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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There's a 'good likelihood' that the market bottom is in, Fundstrat says

CNBC: Investing

"There's a good likelihood that Equity market lows could be in place after the constructive bounce in recent days," wrote Mark Newton of Fundstrat.

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Octaura enhances syndicated loan trading platform with the integration of list and RFQ protocols

The TRADE

Octaura Holdings has integrated list and request for quote (RFQ) protocols to its existing syndicated loan trading platform. According to the firm, the new protocols will provide clients with faster trade execution and enhanced price transparency with straight-through processing, alongside streamlining trading workflows for dealers and buy-side investors.

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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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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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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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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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Microsoft completes $69bn deal to buy Call of Duty maker Activision Blizzard

The Guardian: Mergers & Acquisitions

Completion of sale follows regulator’s decision to allow it after competition concerns were addressed Microsoft has completed its $69bn (£57bn) deal to buy Activision Blizzard, the maker of games including Call of Duty and World of Warcraft, after the UK’s competition watchdog cleared the acquisition. The Competition and Markets Authority (CMA) had moved to block the deal in April , citing concerns that Microsoft – the maker of the Xbox gaming console – would dominate the nascent cloud gaming ma

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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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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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Stocks to bet on China’s economic future after the real estate pain ends

CNBC: Investing

Bernstein and others make the argument that China isn't headed for Japan's "lost decades." The country may just be in a period of transition.

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SIX expands cloud connectivity offering with Megaport

The TRADE

SIX has launched SIX Connect, an expansion of its cloud connectivity offering which leverages network-as-a-service provider, Megaport’s reach. Megaport offers scalable bandwidth for both public and private cloud connections and from today, SIX’s offering will provide private access to its data services via any major public cloud provider. The launch forms part of SIX’s wider strategy to deliver clients flexible data access.

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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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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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Cathie Wood says AI is highly deflationary and her top picks include Twilio and UiPath

CNBC: Investing

"AI is going to lead to one of the biggest improvements in productivity … which is highly anti-inflationary," Wood said at CNBC's Financial Advisor Summit.

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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 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.