Daily News for Dealmakers
As the U.S. SPAC market has seen plummeting valuations, a growing number of the companies targeted by SPACs in de-SPAC transactions are now issuing going concern warnings. Recent examples of the trend include View Inc. (VIEW), Lordstown Motors Corp. (RIDE) and Shift Technologies Inc. (SFT).
Legal Implications: The severance suit against Elon Musk's X (formerly Twitter) could set a precedent for thousands of former employees' grievances, highlighting the complexities of employment law...
Underperformance Woes: BlackRock's private equity division has faced significant challenges, with declining assets under management (AUM) due to poor fund performance and market volatility....
Antitrust Lawsuit: The U.S. Department of Justice has filed a civil antitrust lawsuit to block American Express Global Business Travel's (GBT) proposed $570 million acquisition of rival CWT, citing...
Strategic Acquisition: AbbVie's $1.4 billion acquisition of Aliada Therapeutics signals a significant bet on Alzheimer's disease treatment, bolstering its pipeline with a Phase I anti-amyloid...