Mon.Feb 10, 2025

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Elon Musk Leads Bid to Buy OpenAI for $97.4 Billion

NYT M&A

The billionaire is leading a group of investors in the unsolicited offer, which complicates the start-ups plan to change its nonprofit status.

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Investing in housing: Unlocking economic mobility for Black families and all Americans

Mckinsey and Company

Exploring how innovative solutions could help alleviate the housing crisis and improve economic mobility for all.

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Fox Acquires Company Behind Conservative and True Crime Podcasts

NYT M&A

Tucker Carlson, Nancy Grace, Megyn Kelly and Piers Morgan are among the clients of Red Seat Ventures, which now joins Rupert Murdochs empire.

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Fixing  MFW

Reynolds Holding

Delawares regime governing controlling shareholders relies on the courts ability to police conflicted transactions under the stringent entire fairness standard of review. In theory, judicial review under this standard allows judges to distinguish between fair transactions and those that are the product of value-reducing self-dealing. However, this framework depends on courts’ competence in determining transaction fairness, a task that often requires complex financial valuation.

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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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How an AI-enabled software product development life cycle will fuel innovation

Mckinsey and Company

AI has the potential to fundamentally transform the development of software products, increasing the pace of the process and the quality of the final output.

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Elon Musk-led consortium offers $100bn to take control of OpenAI

Financial Times M&A

Bid complicates CEO Sam Altmans plans to turn artificial intelligence group into for-profit company

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More Trending

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Fox in deal to buy podcast producer Red Seat

Financial Times M&A

New York-based group makes shows for conservative influencers such as Bill OReilly and Megyn Kelly

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Could extended-range EVs nudge more car buyers toward full electric?

Mckinsey and Company

Slowing battery-electric-vehicle sales growth reflects consumer price consciousness and range anxiety. Could extended-range EVs persuade more buyers of traditional cars to make the switch?

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Musk vs Altman: conflict secured

Financial Times M&A

Plus, Morgan Stanley slips in the financial advisory fee rankings and how Palantir secured its place in the lucrative US defence industry

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Circularity in the built environment: Unlocking opportunities in retrofits

Mckinsey and Company

The expanding retrofit market is expected to face challenges in sourcing materials sustainably, making circularity essential.

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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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GASB 101 Compensated Absences

LaPorte

A new accounting principle is now in place for public sector entities that pay out work-related absences like sick leave and PTO. For many, the… The post GASB 101 Compensated Absences first appeared on LaPorte.

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Comment on Data Cancer Infecting the Real Estate Market by Retired Appraiser

Appraisers Blog

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 56
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Novartis To Buy US Pharma Biz Anthos For Up To $3.1B

Law 360 M&A

Novartis AG said Tuesday that it plans to buy Anthos Therapeutics Inc. for up to $3.1 billion, allowing the Swiss pharmaceutical heavyweight to return a drug that originated at the company back into its portfolio of cardiovascular therapies.

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Airbus Delays Flight

Essentials of Corporate Finance

Airbus has been a proponent of hydrogen-powered commercial aircraft, stating that it wanted to have the first plane in the air by 2035. Now, it appears that Airbus was too ambitious in its goal as it has delayed plans for the new jet. Airbus did not give a new target date, but noted that the technology was 5-10 years behind the pace needed to bring the plane to the skies by 2035.

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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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QXO Rips Roofing Co. For Misleading Investors On $11B Offer

Law 360 M&A

QXO Inc. accused Beacon Roofing Supply Inc.'s board of directors on Monday of "cherry-picking" and manipulating performance metrics in statements urging shareholders to reject an $11 billion hostile takeover bid, adding that its offer is compelling, especially given the lack of competing proposals.

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Steps to Register a Company in the Netherlands

Financial Analyst Insider

Introduction to Starting a Business This direction, famous for its central place and robust monetary sector, is a magnet for financiers. Whether you’re launching a The post Steps to Register a Company in the Netherlands appeared first on Financial Analyst Insider.

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Gov't Defends Approval Of CP-KCS Rail Merger To DC Circ.

Law 360 M&A

The federal government told the D.C. Circuit a coalition of Illinois towns is challenging the approval of Canadian Pacific Railway Ltd.'s $31 billion merger with Kansas City Southern Railway Co. over the deal's potential effect on just 23 miles of a combined rail network that spans more than 20,000 miles.

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CatalyX Event Series 2025: Where Industry Leaders Meet Tomorrow’s Innovators

Financial Analyst Insider

CatalyX Ventures announces its flagship tech and innovation event, scheduled for March 20, 2025, in New York City. This year’s CatalyX Event Series breaks new The post CatalyX Event Series 2025: Where Industry Leaders Meet Tomorrow’s Innovators appeared first on Financial Analyst Insider.

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NY Funds Say Paramount 'Bound' To Mull $13.5B Sale Option

Law 360 M&A

Five big New York public pension funds argued in a newly unsealed Delaware court filing on Monday that a Paramount special committee breached its fiduciary duties by neglecting a $13.5 billion company sale offer and called for a Court of Chancery order compelling evaluation of the deal.

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Securing advance assurance: what to submit to HMRC

Vested

Securing advance assurance from HMRC is a crucial step for startups looking to fundraise through the Seed Enterprise Investment Scheme (SEIS) , or the Enterprise Investment Scheme (EIS).

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Elon Musk-Led Group Makes $97.4B OpenAI Takeover Bid

Law 360 M&A

A consortium of investors led by Elon Musk said Monday it has offered to pay$97.375 billion to buy artifical intelligence platformOpenAI, drawing a quick and snarky rejection from Sam Altman, who co-founded the platform with Musk.

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Why bank investors are standing up to ‘knockout’ bids

Financial Times M&A

Eurozone mergers make a good pitch but they sometimes disappoint in practice

Banking 47
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UnitedHealth Says Fed Suit Imperils Deal's Many Benefits

Law 360 M&A

UnitedHealth Group and home health and hospice giant Amedisys Inc. responded to the U.S. Department of Justice's merger challenge Friday by telling a Maryland federal judge that the government is taking quotes out of context, focusing on "artificially narrow geographic markets" and misjudging market realities.

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Del. Chancery Refuses to Tag Minority Stockholder with Controller Status

John Jenkins

The Delaware courts continue to slog their way through a stream of lawsuits in which plaintiffs seek to have the entire fairness standard applied to an M&A transaction by claiming that a substantial minority stockholder should be regarded as a conflicted controller. Late last month, in Turnbull and Acosta v. Klein, et. al., (Del. Ch.

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Lexitas Selling Registered Agent Unit To Dutch Co. For $415M

Law 360 M&A

Austin, Texas-based legal services provider Lexitas said Monday that it has agreed to sell its Registered Agent Solutions Inc. unit to Dutch information services company Wolters Kluwer Financial & Corporate Compliance for approximately $415 million in cash.

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Strategic Insider Trading and Its Consequences for Outsiders: Evidence From the Eighteenth Century

Harvard Corporate Governance

Posted by Mathijs Cosemans (Erasmus University) and Rik Frehen (Tilburg University), on Monday, February 10, 2025 Editor's Note: Mathijs Cosemans is an Associate Professor of Finance at Erasmus University, and Rik Frehen is a Professor of Finance at Tilburg University. This post is based on their recent article forthcoming in the Journal of Financial Economics.

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Lights, Camera, Ethics? TV Lawyers Tend To Set Bad Example

Law 360 M&A

Though fictional movies and television shows portraying lawyers are fun to watch, Hollywoods inaccurate depictions of legal ethics can desensitize attorneys to ethics violations and lead real-life clients to believe that good lawyers take a scorched-earth approach, says Nancy Rapoport at the University of Nevada, Las Vegas.

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A Review of Director Commitments Policies, 2023 to 2024

Harvard Corporate Governance

Posted by Samuel Nolledo, Sarah Wenger, and Aaron Wendt, Glass, Lewis & Co., on Monday, February 10, 2025 Editor's Note: Samuel Nolledo is a Research Analyst, Sarah Wenger is Senior Analyst,and Aaron Wendt is Director of U.S. Governance Policy at Glass, Lewis & Co. This post is based on a Glass Lewis memorandum by Mr. Nolledo, Ms. Wenger, Mr.

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Latham, Hogan Lovells Advise Hyatt's $2.6B Playa Hotels Buy

Law 360 M&A

Latham & Watkins LLP guided Hyatt Hotels Corp. on a $2.6 billion acquisition announced Monday of Playa Hotels & Resorts NV which operates resorts in Mexico, the Dominican Republic and Jamaica and worked with Hogan Lovells on the deal.

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Excel and PowerPoint workers for hire at $55,555 an hour

Financial Times M&A

=XNPV

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Emerson Butts Heads With Elliott On $7.2B AspenTech Deal

Law 360 M&A

Global technology company Emerson said Monday that its $7.2 billion offer to buy the remaining shares in AspenTech that it does not already own represents "compelling and certain value" for shareholders, pushing back after activist investment firm Elliott ripped the bid as anundervaluation.

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How the Short-Term Rental Loophole Saves Real Estate Investors Money

Trout CPA

Written by Randall Weaver, CPA & and Geoffrey Kaufman, CPA, MBA Real estate investors seek to maximize their tax advantages while maintaining profitable investments. One area with significant opportunities is the short-term rental (STR) loophole. This blog post will explore a case study demonstrating how proper planning around STR can benefit real estate investors, particularly those who are not real estate professionals.

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Are Small Businesses Cutting Back on Perceived Discretionary Expenses?

BV Specialists

An uncertain economic climate has persisted since COVID-19 and will continue in 2025. For many small businesses, that means tightening their belts and scrutinizing every dollar spent. One area where many are looking to cut costs is discretionary expenses that, while beneficial, are not immediately critical to daily operations. Third-party independent appraisal work and related consulting services are one area of note.

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Elon Musk Co-Founded OpenAI, Now He's Bidding $97.4B To Take Back The Company

Benzinga

A group of investors led by the world's richest person Elon Musk has made a $97.4-billion offer to acquire control of OpenAI , the nonprofit AI giant Musk once co-founded. What Happened: Musk, who has sued OpenAI as the company attempts to transition to a for-profit structure, previously founded the company with Sam Altman , Greg Brockman and several other individuals.

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