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EvoNexus Gets Bank, Investment Firm Backing for Fintech Incubator

Xconomy

Financial firms are facing competition from legacy players and disruptive fintech startups as technology continues to reshape the heavily regulated industry. Two financial firms are betting on a nonprofit incubator program in San Diego in hopes of identifying top talent and potential targets for investment or acquisition.

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Internet Brands Brisco: Deal Will Allow More Focus On Long Term Growth

socalTECH

In a blog post , Brisco said that the firm decided to become a private firm again, because it would be a "good deal" for shareholders, and also said it could become "even more focused" on long-term growth. Tags: internet brands growth merger acquisition private. Internet Brands had gone public just three years ago. READ MORE>>.

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UK Regulator Has “Competition Concerns” Over Illumina-PacBio Tie-Up

Xconomy

Nearly one year after DNA sequencing machine maker Illumina announced plans to acquire smaller rival Pacific Biosciences , antitrust regulators in the UK say the merger could stifle competition in the region and reduce industry innovation. The Competition and Markets Authority has been eying the proposed $1.2

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Bio Roundup: Roche-Spark Drags On, GSK Taps CRISPR, Diabetes News & More

Xconomy

Is one of the bigger biopharma acquisitions of the year in trouble? The US Federal Trade Commission wants yet more information about the buyout, and overseas, the UK Competition and Markets Authority opened a separate investigation. This past week, antitrust regulators once again delayed Roche’s planned $4.8

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Cloud Leaders Shrug at IBM’s $34B Red Hat Deal

Xconomy

In some ways, the biggest software acquisition of all time could be a yawner. Scooping up Raleigh, NC-based Red Hat (NYSE: RHT ) could make IBM (NYSE: IBM ) more competitive with bigger cloud players such as Amazon, Microsoft, and Google, says Michael Skok, Read more » Reprints | Share:

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A.I. Chip Race Redraws Competitive Map Among Tech Firms, Chipmakers

Xconomy

It’s been a long time since tech’s biggest companies could be sorted into discrete buckets according to the products they pioneered—-Google, the search software giant; Apple, the computer and mobile device innovator; e-commerce leader Amazon; business software stalwart Microsoft; and social media engine Facebook.

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Biotech Roundup: Deals Gone Wrong, Ethical Red Flags & Bay Goodbyes

Xconomy

Thousands of others will head to San Francisco for BIO, which has a distinct international flavor. But billions of dollars in acquisitions will be left by the side of the road. Bad FDA news for Teva Pharmaceutical and AstraZeneca also threw outsized acquisitions into question. Teva nabbed deutetrabenazine in its $3.2