Sat.Mar 02, 2024 - Fri.Mar 08, 2024

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Accenture to acquire Udacity to build a learning platform focused on AI

TechCrunch: M&A

Accenture announced today that it would acquire the learning platform Udacity as part of an effort to build a learning platform focused on the growing interest in AI. While the company didn’t specify how much it paid for Udacity, it also announced a $1 billion investment in building a technology learning platform it’s calling LearnVantage. […] © 2024 TechCrunch.

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House to Consider Capital Formation Bills

JD Supra: Mergers

On March 5, 2024, the House will consider capital formation related legislation, H.R. 2799. This was originally introduced in April 2023 and reported out in July 2023. It is comprised of 19 separate bills. The House Financial Services Committee heard testimony on these bills in 2023, access my testimony on several of these bills.

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Former Twitter Executives Sue Elon Musk for $128 Million

The New York Times: Mergers, Acquisitions and Dive

The plaintiffs, including Parag Agrawal, the former chief executive, are asking for severance after they lost their jobs during Mr. Musk’s 2022 takeover of the company.

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Bitcoin tops $65,000 as it nears 2021 all-time high

CNBC: Investing

The price of bitcoin rose to start the week, edging even closer to its all-time high after the rally took a breather over the weekend.

IT 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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Nikon buys film camera maker RED

TechCrunch: M&A

Ever heard of Oakley Sunglasses? The guy who founded that – Jim Jannard – became a billionaire after selling a lot of sunnies, then went on to found RED digital cinema, one of the first major digital cinema camera brands. Today, Nikon announced that Nikon Corporation has announced its agreement to acquire the camera manufacturer, […] © 2024 TechCrunch.

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Healthcare & Life Sciences Private Equity Deal Tracker: WindRose Acquires CardioOne 

JD Supra: Mergers

WindRose Health Investors has announced its acquisition of CardioOne. CardioOne, founded in 2023 and based in Houston, is a management services partner and technology platform designed for independent cardiology practices.

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New Federal Rule Caps Most Credit Card Late Fees at $8

The New York Times: Banking

The Consumer Financial Protection Bureau said its new restriction would save households $10 billion a year in “junk fees.

IT 144
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Lensrentals acquires BorrowLenses

TechCrunch: M&A

Lensrentals, a titan in the online rental service for photo, video, audio and lighting equipment, has announced its acquisition of BorrowLenses, a key competitor in the space of photographic and video equipment rentals, TechCrunch has learned exclusively. It’s a competitive space in a commodity market, where neither brand has an obvious edge over the other. […] © 2024 TechCrunch.

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U.S. Sanctions Enforcement: 2023 Trends and Lessons Learned

JD Supra: Mergers

Today’s alert—the second in our Sanctions 2023 Year in Review Series—provides an overview of U.S. sanctions enforcement in 2023, including the key lessons learned from the public enforcement actions issued by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC).

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JetBlue and Spirit Call Off Their Merger

The New York Times: Mergers, Acquisitions and Dive

JetBlue said it would pay Spirit $69 million to terminate the $3.8 billion deal, which had been blocked by federal antitrust regulators.

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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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Pimco's Sonali Pier lets her 'cautious contrarianism' speak for itself: The bets she's making now

CNBC: Investing

Sonali Pier is a portfolio manager at Pimco and leads the firm's Diversified Income Fund.

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Razor and Perch merge, raise $100M on a $1.7B valuation as more roll-ups consolidate

TechCrunch: M&A

Just days after the bankruptcy of Thrasio, two other significant players in the world of e-commerce aggregators are merging and raising some extra money to shore up their business and double down on a model it still believes has teeth. Berlin’s Razor Group has acquired U.S.-based Perch, and on top of this it has raised […] © 2024 TechCrunch.

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Antitrust Enforcers Amp Up Focus on Private Equity Acquisitions in the Health Care Market

JD Supra: Mergers

Private equity is squarely in the cross hairs of regulators; the Department of Justice Antitrust Division, the Federal Trade Commission, and the U.S. Department of Health and Human Services recently announced the launch of a joint inquiry into private equity ownership in the health care field.

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Bank Runs Spooked Regulators. Now a Clampdown Is Coming.

The New York Times: Banking

Federal Reserve officials and other bank regulators could roll out a new proposal this spring to ward off a repeat of 2023’s banking turmoil.

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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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Bill Martin, who called SVB's collapse, adds to his NYCB short and says it will end up a 'zombie bank'

CNBC: Investing

Bill Martin, who foresaw the collapse of Silicon Valley Bank in 2023, found his next big short in the troubled New York Community Bancorp.

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More On FTC Challenges Kroger-Albertsons Deal: New Merger Guidelines Applied

Deal Lawyers

Last week, John blogged about the FTC’s challenge of Kroger’s proposed acquisition of Albertsons — and specifically, the FTC’s criticism of the divestiture plan the parties devised to address antitrust concerns. As John noted, courts are sometimes more sympathetic to these plans.

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Deal Flow 4.0: 5 Things We Learned About European Tech Deal Terms in 2023

JD Supra: Mergers

Venture capital investment in European startups reached over $60B last year, higher than pre-pandemic levels but lower than the highs of 2021 and 2022. To see how this changed deal terms, Orrick used in-house technologies, systems and processes to undertake a deep and unparalleled analysis of the deal terms of over 350 venture capital and growth equity investments our clients completed in Europe last year.

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03-06-2024 Newsletter: Reasons for Layoffs in the Current Environment

OfficeHours

Written by a Top OfficeHours Female Coach If you are anything like me, I entered the financial services industry a few years ago with a naive sense of job security. From my personal experience, securing an investment banking internship in my junior year of college set me up for a full-time offer and launched the rest of my career. However, if the past year has taught us anything, it is that job security is unfortunately not guaranteed in any industry, and especially not in finance.

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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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These other crypto trades are having big years as bitcoin hits a record high

CNBC: Investing

Bitcoin ETFs, ether and brokerage stocks are among the other trades that appear to be benefiting from the rise in bitcoin.

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Kevin Bibelhausen's Journey in Acquiring a Textile Company and Empowering Entrepreneurs

How2Exit

b' E191: Kevin Bibelhausen's Journey in Acquiring a Textile Company and Empowering Entrepreneurs - Watch Here rn rn About the Guest(s): rn Kevin Bibelhausen is an experienced entrepreneur and acquisition specialist. With a background in healthcare and technology, Kevin spent several years working in the corporate world before pursuing his passion for buying and owning businesses.

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FTC Workshop Argues That Private Equity Incentives Are Not Aligned With Quality Health Care

JD Supra: Mergers

On March 5, the Federal Trade Commission (FTC) hosted a public workshop titled “Private Capital, Public Impact: An FTC Workshop on Private Equity in Health Care.” The event is part of the agency’s effort to publicize and encourage enforcement targeting private equity investments in health care. The speakers from five federal and state agencies included all three sitting FTC commissioners, Assistant Attorney General for the Antitrust Division Jonathan Kanter, Inspector General of the U.S.

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What to Know About Bitcoin’s Record High in Latest Crypto Surge

The New York Times: Banking

Bitcoin just hit a record high, but there are big differences between now and the last crypto boom, when digital currencies became a cultural phenomenon.

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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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Top Wall Street analysts recommend these 3 stocks for the long term

CNBC: Investing

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

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John Seiffer's Insights on Systemizing and Exiting Companies Without Selling

How2Exit

b' E192: John Seiffer's Insights on Systemizing and Exiting Companies Without Selling - Watch Here rn rn About the Guest(s): rn John Seiffer is a business coach and author with extensive experience in helping business owners systemize their companies and improve their overall operations. He has been coaching business owners since the late 1990s and is known for his expertise in helping entrepreneurs exit their companies without selling them.

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Antitrust in focus - February 2024

JD Supra: Mergers

This newsletter is a summary of the antitrust developments we think are most interesting to your business. Dirk Arts, co-head of the global antitrust group and partner based in Brussels, is our editor this month. He has selected: Out now: our latest Global trends in merger control enforcement report - Antitrust authorities continued to impact M&A in 2023, frustrating more deals and stepping up scrutiny of digital and private equity transactions.

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More on Kellner: Avoid Paying Plaintiffs’ Lawyers

Deal Lawyers

In early January, John blogged about the Chancery Court’s decision in Kellner v. AIM Immunotech (Del. Ch.; 12/23) addressing a challenge to advance notice bylaw amendments. Vice Chancellor Will upheld certain amendments but struck down others. This Morgan Lewis memo discusses the fallout from that decision.

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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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This analyst predicted the Nikkei would cross 40,000. Here's where he thinks it'll go next

CNBC: Investing

Japan's Nikkei 225 smashed through the 40,000 level on Monday, soaring past another milestone to a new record high.

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University of Idaho Needs More Students. Should It Buy an Online School?

The New York Times: Mergers, Acquisitions and Dive

Ahead of an expected drop in enrollment, the institution is looking to buy the University of Phoenix, a for-profit school with a checkered past. Is it worth $550 million?

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The CTA at Two Months: Key Updates and Action Items

JD Supra: Mergers

After years of anticipation, the Corporate Transparency Act (the CTA) officially went into effect on January 1, 2024. Now that we are two months into the CTA era, below are a few updates and recommended action items based on what we have learned thus far.

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SEC Alleges 13D Violations for Failure to Timely Disclose Control Purpose

Deal Lawyers

Last Friday, the SEC announced settled charges against an investment adviser for beneficial ownership reporting failures. The investment adviser agreed to a $950,000 civil penalty. Here’s more from the press release: According to the SEC’s order, on Feb. 14, 2022, HG Vora disclosed that it owned 5.6 percent of Ryder’s common stock as of Dec.

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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?