M&A
Capital One Merges with Discover
Capital One announced last week plans to acquire Discover Financial Services to be one of the industry’s largest mergers in recent history.
Experts say this merger will help Capital One create a more closed-loop environment, similar to what American Express has achieved, giving insights into customer purchase behaviours.
IPO
Reddit Goes Public
Reddit, the social media app you either love or hate, is preparing to go public and ready to start promoting their IPO. In an interesting move, they’ve also planned to offer some initial shares to their top users.
Reddit is aiming at a valuation of $5 billion.
AI in LAW
In-House Counsels from Top Firms Experiment with Generative AI
In another sign that AI is not just a fad, the In-House counsels from top firms such as Adobe, Intel and Ford are getting together to discuss and experiment how to leverage generative AI within their industry.
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