Wed.Nov 20, 2024

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Largest Companies View AI as a Risk Multiplier

Harvard Corporate Governance

Posted by Dean Kingsley, Matt Solomon, Deloitte & Touche LLP, and Kristen Jaconi (USC Marshall), on Wednesday, November 20, 2024 Editor's Note: Dean Kingsley is a Principal and Matt Solomon is a Senior Manager at Deloitte & Touche LLP. Kristen Jaconi is an Associate Professor of the Practice in Accounting and Executive Director at Peter Arkley Institute for Risk Management at the USC Marshall School of Business.

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U.S. Plans to Propose Breakup of Google to Fix Search Monopoly

NYT M&A

In a landmark antitrust case, the government will ask a judge to force the company to sell its popular Chrome browser, people with knowledge of the matter said.

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Securities Litigation and Enforcement Highlights

Harvard Corporate Governance

Posted by Patrick Gibbs, Tijana Brien, and Brett DeJarnette, Cooley LLP, on Wednesday, November 20, 2024 Editor's Note: Patrick Gibbs , Tijana Brien , and Brett DeJarnette are Partners at Cooley LLP. This post is based on their Cooley memorandum and is part of the Delaware law series ; links to other posts in the series are available here. Cooley’s securities litigation + enforcement group continued to share key insights on key cases and developments in securities litigation throughout the spr

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Ricky Williams' Highsman Merges With Hemp Brand Frozen Fields

Benzinga

Highsman , the cannabis brand founded by former NFL running back and Heisman Trophy winner Ricky Williams , has merged with Frozen Fields , a North Carolina-based hemp company and its sister entity Abundant Labs. The merger establishes Top Seed Inc. as the parent company while maintaining the Highsman and Frozen Fields brand identities. Marijuana Meets Hemp: A Partnership For National Competition The consolidation, announced three years after Highsman's launch, seeks to enhance market reach

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How to Leverage Intent Data for Better Outcomes

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

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Comcast to Spin Off MSNBC, CNBC and Other Cable Networks

NYT M&A

The new publicly traded company is set to debut next year, with a bundle of channels that also includes Oxygen, E! and Syfy.

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How AI enables new possibilities in chemicals

Mckinsey and Company

From molecule and materials discovery to new applications and customer acquisition, AI can create opportunities across a range of promising new use cases in chemicals.

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The true cost of methane abatement: A crucial step in oil and gas decarbonization

Mckinsey and Company

The upstream oil and gas sector alone could cut as much as 4 percent of global greenhouse gas emissions. But this will take worldwide cooperation among industry players and capital investors.

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How Your Business Can Prepare for and Respond to an IRS Audit

Machen McChesney

The IRS has been increasing its audit efforts, focusing on large businesses and high-income individuals. By 2026, it plans to nearly triple its audit rates for large corporations with assets exceeding $250 million. Under these plans, partnerships with assets over $10 million will also see audit rates increase tenfold by 2026. This ramp-up in audits is part of the IRS’s broader strategy, funded by the Inflation Reduction Act, to target wealthier entities and high-dollar noncompliance.

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Digital twins: The key to unlocking end-to-end supply chain growth

Mckinsey and Company

Complexity, COVID-19, and competition have upended supply chain organizations. They can reignite revenue growth and deepen resilience by deploying AI-powered digital twins.

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When it is right to take more risk rather than manage or mitigate it

Norman Marks

People are quick to respond to a risk by seeking to “manage or mitigate” it. They shudder at the thought of risk. But there are times when the right thing is not only to take the identified risk (taking risk is a better way of looking at it than accepting risk) but to take more.

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

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4 Ways for Construction Contractors to Minimize Their Chance of an IRS Audit

Gross Mendelsohn

Thanks to a variety of industry quirks, construction companies are especially vulnerable to IRS audits. However, by avoiding some common audit triggers you can keep Uncle Sam away. Here are four ways to minimize your risk of an IRS audit.

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Kadokawa CEO Confirms Sony's Buyout Interest: 'No Decision Has Been Made'

Benzinga

Kadokawa Corporation has confirmed that Sony Group Corp. (NYSE: SONY ) has sent a letter of intent to acquire shares in the company, but no decision has been made yet. In a brief update from CEO Takeshi Natsuno, Kadokawa said : “There are some articles on the acquisition of Kadokawa Corporation (hereinafter ‘the Company’) by Sony Group Inc.” See Also: Starfield Reaches 15 Million Players With Updates, New Content “However, this information is not announced by the co

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Growth Equity Interview Questions: Full List, Answers, and Differences vs. Venture Capital and Private Equity

Brian DeChesare

This site has already covered investment banking interview questions , private equity interview questions , and venture capital interview questions , so the next topic on the list seemed to be growth equity interview questions. Most online coverage says, “ Growth equity is a mix of private equity and venture capital, so expect interview questions from both those fields.

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Brian Wassell Named #1 Best Accountant

Trout CPA

Trout CPA is pleased to announce that Partner Brian Wassell, CPA, CM&AA, CEPA has been named #1 Best Accountant by the readers of Lancaster County Magazine. Brian has won this award multiple times over the last decade and a half.

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Mastering Intent Data: Understanding its Importance & Best Practices

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

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iTCPA Series: Top 5 Year-End Questions to Ask your CPA

IT Valuations

Gain valuable insights to navigate year-end tax planning and set your business up for financial success in the new year. Join us as we explore the top five questions business owners should be asking their CPA’s as 2024 comes to an end. Experts from iTV will discuss federal state and tax liability, maximizing your 2024 tax deduction, Beneficial Ownership Information (BOI) reporting, and recent changes to tax law.

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Where Do Dividends Come From?

Auto Dealer Valuation Insights

For the unprepared, it is a question that can paralyze any parent: “Mommy, where do dividends come from?” Among our family business clients, the issue of shareholder liquidity is always top of mind, and is occasionally a source of confusion among shareholders, managers, and directors. In this week’s post, we attempt to bring some clarity to the question of where dividends come from.

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AI-Driven Software Co. LogicMonitor Gets $800M PE Infusion

Law 360 M&A

Software-as-a-service-based hybrid observability platform LogicMonitor on Wednesday announced that it secured an $800 million investment from a consortium of private equity investors, valuing the company at $2.4 billion.

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Which Software is Best for Annual Planning?

Rhythm Systems

Introduction Strategic annual planning is a critical process for businesses to set goals, allocate resources, and align team efforts. While many companies rely on the old fallback - flipchart paper and markers - utilizing a software tool can multiply the impact of your efforts by making it easier to both record & execute the strategy to ensure accountability for achieving the goals.

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Conn. Trial Firm's Dissolution Is In Disarray, CEO Tells Judge

Law 360 M&A

The windup of Connecticut Trial Firm LLC is "in complete controversy" and must be submitted to arbitration, CEO Ryan McKeen has told a state Superior Court judge, saying his onetime 50-50 partner, Ryan Garza, committed "self-dealing, waste and abuse" to benefit his new firm, Claggett Sykes & Garza LLC.

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Valuing a Travel Agency

Peak Business Valuation

With more people prioritizing travel and exploration, the demand for travel agencies is increasing. With the right approach, a travel agency can be a lucrative business opportunity. Whether you are buying , growing , or selling a travel agency , it is ideal to receive a business valuation. When valuing a travel agency, a business appraiser gathers data on your agency’s strengths, weaknesses, risks, opportunities, and growth potential.

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Sidley-Guided Lifeway Rejects Second Danone Buyout

Law 360 M&A

Lifeway Foods Inc. said Wednesday that its board has rejected a Nov. 15 revised offer from Danone North America PBC to buy the remainder of Lifeway for $27 per share, or roughly $306 million.

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Recursion and Exscientia, two leaders in the AI drug discovery space, have officially combined to advance the industrialization of drug discovery

Benzinga

Recursion unveils post-combination technology-enabled portfolio with more than 10 clinical and preclinical programs, 10 advanced discovery programs, and more than 10 partnered programs Platform will focus on first and best-in-class drug discovery and development, demonstrating the ability to find novel insights and dramatically reduce the time and cost of discovery Recursion will host an update call today, November 20, 2024 at 7:30 a.m.

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Cleary Hires Milbank Atty For Capital Markets Team

Law 360 M&A

Cleary Gottlieb Steen & Hamilton LLP announced the addition of a former Milbank LLP transactional attorney to its New York office on Wednesday, saying she will be an asset for its capital markets clients.

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What is the future of wellness?

Mckinsey and Company

Wellness is about more than feeling good. It’s a thriving business that is poised to keep growing.

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UK Drops Probe Into Google's Investment In AI Startup

Law 360 M&A

The partnership between Google's parent Alphabet Inc. and the U.S. artificial intelligence startup Anthropic PBC does not qualify for investigation under the merger rules, Britain's antitrust authority said Wednesday at the end of the first phase of its investigation.

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UK merger regulator to explore deal remedies after anti-growth criticism

Financial Times M&A

CMA chief says agency is very aware that boosting the economy is an important part of its mandate

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Davis Polk-Led Comcast To Spin Off NBCUniversal TV Assets

Law 360 M&A

Comcast Corp. said Wednesday it plans to spin off a suite of NBCUniversal cable television networks, including the USA Network, CNBC and MSNBC, along with additional digital assets, which generate a combined total $7 billion in annual revenues.

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Berlin Packaging plans to expand its capabilities in Germany by combining with Rixius AG

Benzinga

MILAN, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Berlin Packaging, the world's largest Hybrid Packaging Supplier ® , announced today that it has entered into a definitive agreement to acquire Rixius AG, a German-based supplier specialized in rigid packaging for the chemical, pharmaceutical, cosmetics, and food & beverage markets across the DACH and Benelux regions.

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Trout CPA Welcomes Aaron Wilson, CPA to Our Transaction Advisory Team

Trout CPA

Trout CPA is thrilled to welcome Aaron Wilson to Trout CPA as a Transaction Advisory Services Manager. Learn more.

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Apica Acquires Orson to Transform Enterprise Test Data Management

Benzinga

STOCKHOLM and EL SEGUNDO, Calif., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Apica, the intelligent data management platform, today announced the acquisition of Orson, an innovative test data orchestration platform. This strategic acquisition strengthens Apica's position in the DevOps marketplace by combining industry-leading synthetic monitoring capabilities with advanced test data orchestration, enabling organizations to build more robust monitoring scenarios through accelerated data variety gener

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US fraud charges roil Adani’s empire

Financial Times M&A

Plus, boutique bank PJT mints a new billionaire and Poonawalla family property purchase dispels non-dom fears

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Playtika Holding Corp. Completes Strategic Acquisition of SuperPlay, Enhancing Portfolio with Hit Mobile Games Dice Dreams and Domino Dreams

Benzinga

HERZLIYA, Israel, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Playtika Holding Corp. (NASDAQ: PLTK ), a mobile games pioneer and interactive entertainment leader, has completed the acquisition of SuperPlay, a mobile gaming company based in Tel Aviv, Israel and home to hit mobile games Dice Dreams and Domino Dreams. The acquisition of SuperPlay significantly strengthens and expands Playtika's portfolio by incorporating Dice Dreams, the third largest game in the highly attractive and fast-growing Coin

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Grant Thornton UK picks private equity over US merger

Financial Times M&A

Accounting firm agrees to sell stake to buyout group Cinven

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Norsk Hydro: Status share buyback program

Benzinga

Please see below information about transactions made under the share buyback program for Norsk Hydro ASA. Announcement date of the share buyback program: September 11, 2024 End date of the share buyback program: February 28, 2025 Overview of transactions: Date Aggregated daily volume (number of Shares) Weighted average share price per day (NOK) Total daily transaction value (NOK) 13/11/2024 580 000 64.88 37 627 442 14/11/2024 Full story available on Benzinga.

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