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Good morning. Not much to say, other then enjoy the weekend ✌

Good morning. Not much to say other than enjoy the weekend ✌

--

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MARKET MOVERS

*Stock data as of the market close. Commodities and crypto data in USD.

Market news: Link Group announced it sold its Fund Solutions business to Waystone Group — not to be confused with Logan Roy's conglomerate, Waystar — valuing it at £110-140m.

Link won't actually net any $ from the sale, as the entire amount will be used to settle a case against the division by the UK financial regulator. 

THE QUICK SYNC

  • Long read: The email that brought a global investment scheme undone. (SMH)

  • $1.8b Australian start-up denies Instagram change makes it redundant. (SMH)

  • Culture Amp is the latest tech company to shed jobs, cutting 90 roles. (Startup Daily)

  • Elon Musk’s SpaceX Starship rocket blows up minutes after launch. (GD)

  • Tesla net income and earnings drop more than 20% from last year. (CNBC)

  • Thousands of Meta workers hit by new round of layoffs as company cuts costs. (GD)

  • Tiger Global's $12.7bn VC fund records 20% loss. (TI)

TRADING FLOOR

 M&A:

  • Mineral Resources has voted its 19.55% stake against IGO Limited and Tianqi’s bid for Essential Metals. (AFR | AFR)

  • Pacific Equity Partners’ Modern Star is close to acquiring Hart Sport. (AFR)

  • Sims Limited has hired Deloitte to run its mooted sell-down in biogas business LMS Energy. (AFR)

  • Veolia, PEP and Igneo are believed to be in the race for Downer's Repurpose It. (AFR)

  • RP Infrastructure and Ranbury have joined forces to capitalise on emerging opportunities amid challenges. (BNA)

  • SILK Laser Australia has opened its books to Wesfarmers for due diligence. (BNA| The Autralian)

  • ACCC will oppose Qantas merger with Alliance citing competition concerns. (BNA)

  • YourGrocer been picked up by Rewardle Holdings for just $3,000. (BNA)

  • Embed has been put up for sale through advisory firm Latimer Partners. (The Australian)

  • Iress's market update is likely to be closely read by potential buyers. (The Australian)

  • Santos while down YTD is likely too big to make it a buyout possibility post its Oil Search merger in 2021. (The Australian)

 Capital Markets:

  • Elenium Automation is plotting a Nasdaq listing with help from SPAC. (AFR)

  • Tenmile Ventures tips into Carina Biotech's $10m capital raising. (AFR)

  • Canada Pension Plan Investment Board has priced a $1.25bn five-year Kangaroo bond. (AFR)

VC:

  • None

Others:

  • Link Group CEO says a settlement deal with the British regulator the Financial Conduct Authority puts an end to the company's horror show in sight. (AFR)

TOGETHER WITH INTRALINKS

Over the past few years, we’ve certainly made a name for ourselves when it comes to networking events. Whether it be our...

  • Casino night

  • The Australian Open

  • Strategic Insights event; or

  • Our end-of-year Island Event

... Intralinks knows how to throw a party!

We’ve got some exciting client events coming up over the next few months. 

If you’re interested in attending, please register your interest HERE or alternatively reach out to your Intralinks relationship manager. We look forward to seeing you soon!

THE WATERCOOLER

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