Happy Friday!
It’s fitting that we’re just one week into the last month of 2020, yet it has already been a wild one from a dealmaking perspective.
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Inside S&P’s $44 billion bid for IHS Markit, where in-person meetings were key
Dealmaking in 2020 has been largely virtual, but sometimes you just need to get in a room together and talk it through.
That was the case with S&P's $44 billion bid for IHS Markit. As the deal neared the finish line, senior executives on both sides agreed to meet in person, albeit with some restrictions due to COVID.
Reed Alexander and I took an inside look at how the deal got done, along with the nuance of it being an all-stock bid.
Click here to read the entire story.
$30 billion Lone Pine is reaping huge gains in 2020
Nice look from Bradley Saacks on a Tiger Cub that is doing particularly well. Check out some performance details on Lone Pine Capital, which has made big bets on Shopify, Facebook, and Microsoft. Read more here.
Deloitte just snapped up a software firm as it looks to stay ahead of its Big 4 rivals
Everyone is considering moving into the cloud, so it's no wonder consultants are eager to snap up companies focused on the tech. Samantha Stokes with a nice piece on Deloitte acquiring HashedIn Technologies. Read more here.
A startup that helps shoppers detect robot-generated reviews and phony sellers used this pitch deck to nab a $4 million Series A
Pitch-deck alert! This startup helps suss out fake reviews on online marketplaces. Shannen Balogh got the entire deck for Fakespot's $4 million Series A round. Check it out here.
Odd lots:
Robinhood Raids Goldman, Wells Fargo, Ameritrade for Legal Pros (Bloomberg)
Stripe to Offer Banking Services in Deal With Goldman Sachs, Citigroup (WSJ)
Gary Cohn Plays Hardball With Goldman to Defend Millions in Pay Over 1MDB Scandal (Bloomberg)
Friendly's Owner Hastens Exit From Restaurants With String of Sales (WSJ)
Dyal Capital Is in Talks to Merge With Owl Rock Through SPAC (Bloomberg)