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(Bloomberg) -- Artificial intelligence startup Cohere, backed by investors including Oracle Corp. and Nvidia Corp., is working with banks to raise a fresh funding round, just a few months after its last one, according to people familiar with the matter. Toronto-based Cohere is being advised by JPMorgan Chase & Co. and Goldman Sachs Group Inc. on the potential round, the people said, asking not to be identified because the matter is private. [Extracted from the article]

(Bloomberg) -- PJT Partners Inc. has hired Ernie Ruehl, a more than two-decade veteran of Credit Suisse, according to people with knowledge of the matter. Earlier this month, Ruehl was named one of the 12 Credit Suisse bankers retained by UBS Group AG to help lead its Americas business following the rival firm's merger. [Extracted from the article]

(Bloomberg) -- Private equity firm Veritas Capital is considering a potential offer for BlackBerry Ltd., according to people familiar with the matter, after the once iconic Canadian technology company announced a strategic review earlier in the year. New York-based Veritas acquired data energy firm Wood Mackenzie earlier this year and is also participating in the pending buyout of Syneos Health Inc. --With assistance from Dinesh Nair and Kamaron Leach. [Extracted from the article]

The bid group led by privately-held Recco Control Technology Pet. and Hong Kong-based Dazheng Group Investment Holdings Company Ltd. has reaffirmed a bid of $25 per share for Hollysys that it first made in 2021. (Bloomberg) -- An investor consortium is pushing again to acquire Hollysys Automation Technologies Ltd. in a deal that values the Beijing-based industrial company at about $1.6 billion, according to a letter reviewed by Bloomberg News. [Extracted from the article]

ECM Equity Capital Management, a private equity firm focused on small and mid-cap companies, was one of the first investors in wind turbine maker Vestas and earlier this year sold dermatology practice chain Dermatologikum Group to Bergman Clinics. (Bloomberg) -- Synopsys Inc., a US company that makes software for designing semiconductors, said it has completed its acquisition of closely held German software company PikeTec GmbH, strengthening its autonomous driving operations. [Extracted from the article]

PikeTec, owned by the German private equity firm ECM Equity Capital Management, makes testing and verification of automotive software for control unit systems. (Bloomberg) -- Synopsys Inc., a US company that makes software for designing semiconductors, said it has completed its acquisition of privately held technology company PikeTec GmbH. [Extracted from the article]

(Bloomberg) -- Raine Group shows up as the financial adviser on the front cover of Arm Holdings Ltd.'s filing for its initial public offering, one line above the 28 banks that will be underwriting the listing. Raine and Arm share one all-important connection; both are backed by SoftBank Group Corp. Financial advisers on IPOs like Raine don't serve as underwriters and don't buy or sell stock. [Extracted from the article]

(Bloomberg) -- Arm Ltd. is expected to unveil its filing for an initial public offering as soon as Monday, giving the market a peek at the chip designer's financial health seven years after it was acquired by SoftBank Group Corp. While Bloomberg News reported Arm was aiming to be valued at $60 billion to $70 billion in an IPO raising $8 billion to $10 billion, that target could be lower since SoftBank has decided to hold onto more of the company after buying Vision Fund's stake in it. [Extracted from the article]

(Bloomberg) -- Arm Ltd., a chip designer that is preparing for what would be the biggest initial public offering of 2023, saw its revenue decline about 1% in the last fiscal year, according to a draft filing for its IPO reviewed by Bloomberg. Japan's SoftBank Group Corp., which owns Arm, plans an IPO of the company as soon as next month that could value the chip designer at as much as $70 billion. [Extracted from the article]

(Bloomberg) -- Arm Ltd. has filled out the roster of underwriters for its initial public offering, with 28 banks in all on the deal, people familiar with the matter said. Cambridge, UK-based chipmaker Arm has been seeking to raise $8 billion to $10 billion in September in what would be the year's biggest IPO, Bloomberg News has reported. [Extracted from the article]

(Bloomberg) -- Arm Ltd. has filled out the roster of underwriters for its initial public offering, with 28 banks in all on the deal, people familiar with the matter said. In addition to four lead banks - Barclays Plc, Goldman Sachs Group Inc., JPMorgan Chase & Co. and Mizuho Financial Group - the offering will have 10 second-tier underwriters, including Bank of America Corp. Citigroup Inc., Deutsche Bank AG and Jefferies Financial Group Inc., the people said, asking not to be identified because the information was private. [Extracted from the article]

Arm to Skip "Lead-Left" in Upcoming IPO and Instead Have Four Equal Banks Alibaba's record $25 billion IPO in 2014 split the fees evenly among six banks that each earned an equal 15.7% share of the fees. (Bloomberg) -- Arm Ltd., taking a page from Alibaba Group Holding Ltd.'s landmark listing almost a decade ago, will split underwriter fees evenly among the four banks leading its initial public offering, according to people familiar with the matter. [Extracted from the article]

"A failed deal does seem modestly disappointing for the prospects of Intel's foundry efforts", he wrote in a research note after Bloomberg's story. (Bloomberg) -- Intel Corp. walked away from its attempt to acquire Tower Semiconductor Ltd., abandoning a $5.4 billion deal after failing to win Chinese regulatory approval in time. [Extracted from the article]

(Bloomberg) -- Intel Corp. walked away from its attempt to acquire Tower Semiconductor Ltd., abandoning a $5.4 billion deal after failing to win Chinese regulatory approval in time. "A failed deal does seem modestly disappointing for the prospects of Intel's foundry efforts", he wrote in a research note after Bloomberg's story. [Extracted from the article]

(Bloomberg) -- Intel Corp. said it's walking away from its attempt to acquire Tower Semiconductor Ltd., abandoning a $5.4 billion deal after failing to win regulatory approval in time. "A failed deal does seem modestly disappointing for the prospects of Intel's foundry efforts", he wrote in a research note after Bloomberg's story. [Extracted from the article]

"A failed deal does seem modestly disappointing for the prospects of Intel's foundry efforts", he wrote in a research note after Bloomberg's story. (Bloomberg) -- Intel Corp. is expected to call off its planned $5.4 billion acquisition of Tower Semiconductor Ltd. as time to win regulatory approval runs out, according to people familiar with the matter. [Extracted from the article]

RB Global, which has a market value of roughly $12 billion, narrowly won shareholder approval this year for its $6 billion acquisition of IAA and invited activist investor Jeffrey Smith of Starboard Value to join its board. (Bloomberg) -- RB Global Inc., formerly known as Ritchie Bros. Auctioneers Inc., is appointing a new chief executive officer to replace Ann Fandozzi following a dispute over issues including compensation. [Extracted from the article]

(Bloomberg) -- Steve Pettigrew, Bank of America Corp.'s co-head of software investment banking, is leaving the firm to join UBS Group AG, according to people familiar with the matter. He had been at Bank of America for nearly five years, according to his LinkedIn profile, and was named co-head of software investment banking in 2018. [Extracted from the article]

The deal would be structured as a tax-free spinoff of Western Digital's flash business, which would merge with Kioxia, said the people, who asked to not be identified because the details are private. (Bloomberg) -- Western Digital Corp. and Kioxia Holdings Corp. - after months of talks - aim to reach a merger agreement by August, according to people familiar with the matter. [Extracted from the article]

A UBS spokesperson and Wah didn't respond to a request for comment. (Bloomberg) -- David Wah, a senior investment banker and 30-year veteran of Credit Suisse Group AG, resigned from UBS Group AG, which took over the bank earlier this month. [Extracted from the article]

Before the UBS deal was finalized, several of Wah's longtime colleagues had decamped for rivals, including blank-check banker Niron Stabinsky and Steve Geller, former global head of investment-banking mergers and acquisitions, who went to Banco Santander SA. (Bloomberg) -- David Wah, a senior investment banker and 30-year veteran of Credit Suisse Group AG, resigned from UBS Group AG, which took over the bank earlier this month. [Extracted from the article]

Deal values have fallen more than 40% this year to $1.2 trillion, with Goldman Sachs the number two adviser globally, according to data compiled by Bloomberg. (Bloomberg) -- Goldman Sachs Group Inc. has started cutting managing directors across the globe as the firm reduces its headcount amid a deals slump, according to people familiar with the matter. [Extracted from the article]

(Bloomberg) -- JPMorgan Chase & Co. is cutting about 40 investment bankers in North America, as the Wall Street giant adds to international reductions amid a dealmaking slowdown. Read more: Goldman Sachs begins cutting about 125 managing directors JPMorgan President Daniel Pinto said last month that the firm expects second-quarter investment-banking fees to decline 15% from the $1.7 billion it pulled in a year earlier. [Extracted from the article]

(Bloomberg) -- Goldman Sachs Group Inc. has started cutting managing directors across the globe as the firm reduces its headcount amid a deals slump, according to people familiar with the matter. In the past month, several Goldman Sachs veterans have joined competitors including Wells Fargo & Co. and Banco Santander SA. [Extracted from the article]

Goldman, a dominant investment-banking adviser to the world's biggest corporations, held the No. 1 rank for completed deals in the tech industry over the past year, according to data compiled by Bloomberg. (Bloomberg) -- Goldman Sachs Group Inc. investment banker Tammy Kiely is jumping to Evercore Inc., the latest example of boutique advisory firms muscling in on their larger rivals' turf. [Extracted from the article]

It follows an Intel-Arm technical tie-up in April which, if combined with a strategic stake, could position Intel as a maker of chips designed on Arm architecture." (Bloomberg) -- Arm Ltd., the chip designer backed by SoftBank Group Corp., is in talks with potential strategic investors including Intel Corp. to anchor what will be one of the largest initial public offerings of the year, people familiar with the matter said. [Extracted from the article]

(Bloomberg) -- British chip designer Arm Ltd., backed by SoftBank Group Corp., is in talks with potential strategic investors including Intel Corp. to anchor what will be one of the largest initial public offerings of the year, according to people familiar with the matter. Growth equity firm General Atlantic invested about $100 million in Intel-backed Mobileye Global Inc.'s IPO last year while Qualcomm Inc. backed GlobalFoundries Inc.'s listing in 2021. [Extracted from the article]

The three are among at least 11 investment bankers reported by Bloomberg News this week to have left the storied Swiss lender for other banks with the completion of its merger with UBS Group AG looming. Since the UBS merger was orchestrated by the Swiss government in March, more than a dozen Credit Suisse investment bankers have joined Santander. [Extracted from the article]

Williams had been at Credit Suisse for more than a decade, according to his LinkedIn profile. (Bloomberg) -- The tally of Credit Suisse Group AG investment bankers in the US leaving for rivals ahead of the company's takeover climbed to at least eight this week, with one going to Deutsche Bank AG and another to Barclays Plc, according to people familiar with the matter. [Extracted from the article]

Kon said it's a priority for Cohere, which builds and trains AI models for enterprise customers, to not give up too much ownership or control to one company. (Bloomberg) -- Artificial intelligence startup Cohere has raised $270 million from a mix of venture capital and strategic investors including Oracle Corp. and Nvidia Corp., an executive said in an interview. [Extracted from the article]

Eliasek had been at Bank of America for more than 10 years, according to his LinkedIn profile. (Bloomberg) -- Ron Eliasek, a top software dealmaker at Bank of America Corp., is joining Jefferies Financial Group Inc., according to people familiar with the matter. [Extracted from the article]

Banco Santander, which has now poached more than a dozen senior Credit Suisse bankers, has brought in industrials banker Sebastian Barleben in New York, the people said. (Bloomberg) -- Three more Credit Suisse Group AG bankers aren't waiting around to see how the merger with UBS Group AG turns out. [Extracted from the article]

Allen, known for bringing together billionaires at its conference every summer in Sun Valley, Idaho, had reportedly advised the PGA during earlier discussions with another golf tournament, the Premier Golf League. (Bloomberg) -- The surprise merger between LIV Golf and the PGA Tour involved a collection of high profile advisers with links to Saudi Arabia and the PGA Tour. Saudi-backed LIV Golf and the PGA announced Tuesday that they would drop legal proceedings against each other and combine forces, along with the European Tour. [Extracted from the article]

(Bloomberg) -- PGA Tour and LIV Golf have been at each other's throats in public for years. PIF poured an additional $2 billion into LIV Golf in May, on top of an initial investment of about $1 billion. [Extracted from the article]

(Bloomberg) -- The surprise merger between LIV Golf and the PGA Tour involved a collection of high profile advisers with links to Saudi Arabia and the PGA Tour. LIV Golf was advised by banker Michael Klein and PCP Capital Partners's Amanda Staveley, while the PGA worked with media boutique Allen & Co., according to people familiar with the matter. Saudi-backed LIV Golf and the PGA announced Tuesday that they would drop legal proceedings against each other and combine forces, along with the European Tour. [Extracted from the article]

(Bloomberg) -- Credit Suisse Group AG, which is waiting for its takeover by UBS Group AG to close this month, has lost three US-based managing directors to rivals, according to people familiar with the matter. Batra worked in the US for nine years at Credit Suisse and also held earlier roles in London and Mumbai, according to LinkedIn. Technology banker Pushkar Batra will join Deutsche Bank AG in New York as a managing director and head of tech services, the people added. [Extracted from the article]

Fischer, who had been a partner at Centerview, will be Factorial's chief financial officer and chief business officer. (Bloomberg) -- Centerview Partners investment banker Emlen Fischer has departed the investment bank to join solid-state battery startup Factorial Energy. [Extracted from the article]

(Bloomberg) -- Caisse de dépôt et placement du Québec hired Yana Watson Kakar, a former consultant and chief executive officer of a blank-check company, to be head of Americas and lead its New York office. About 40% of the firm's C$402 billion ($297 billion) under management was in the US as of the end of last year, up from 28% five years earlier "The Caisse is without a doubt one of the truly great global investment houses", Kakar said in an interview. [Extracted from the article]

(Bloomberg) -- Schmid Group, a German provider of advanced electronics manufacturing techniques, will go public in New York through a deal with automotive veteran Ralf Speth's blank-check company. Its deal with Pegasus Digital shows how special purpose acquisition companies have shifted their focus toward growing, profitable targets after a record surge of SPAC listings in 2020 and 2021 helped drive deals with often wobbly startups. [Extracted from the article]

Wells Fargo's current co-heads of ECM Lear Beyer and Craig McCracken will lead the business until Ford joins, one of the people said. (Bloomberg) -- Wells Fargo & Co. has hired Credit Suisse Group AG investment banker Jill Ford as head of its equity capital markets business, according to people familiar with the matter. [Extracted from the article]

Fleetcor announced plans including a review of its "portfolio and business configuration" in March after being pressured by long-term shareholder D.E. Shaw & Co. "The portfolio review will assist the board as it considers various strategic alternatives, including but not limited to the possible separation of one or more of the company's businesses", Fleetcor said in a statement at the time. (Bloomberg) -- Fleetcor Technologies Inc., which offers fuel cards to vehicle fleets, is exploring a sale of its prepaid card business, according to people with knowledge of the matter. [Extracted from the article]

(Bloomberg) -- Barclays Plc lost three senior investment bankers including John Miller, all of whom are joining Jefferies Financial Group Inc., according to people with knowledge of the matter. Jefferies investment banking revenue dropped about 42% to $568 million in the period ended Feb. 28, the New York-based firm reported. [Extracted from the article]

Farber will start at PJT in San Francisco in the next few months after a standard period of leave, the people said, asking not to be identified because the matter is private. (Bloomberg) -- PJT Partners Inc. has hired George Farber, a senior managing director at Evercore Inc., as a partner focused on the software space, according to people familiar with the matter. [Extracted from the article]

(Bloomberg) -- Elliott Investment Management, best known as an activist investor, is retiring its Evergreen Coast Capital Corp. brand for its private equity investments, according to people with knowledge of the matter. While Elliott is best known for taking stakes in some of the world's biggest companies and pushing for changes, the firm's strategies also span credit, commodities, real estate and private equity. The firm's first private equity transaction under the Evergreen name was the buyout of Dell Software Group in 2016 alongside Francisco Partners. [Extracted from the article]

Desktop Metal shareholders will receive 0.123 Stratasys shares for every class A share they already own, according to a statement Thursday that confirmed an earlier Bloomberg News report. (Bloomberg) -- Stratasys Ltd. agreed to acquire Desktop Metal Inc. in an all-stock deal that will create a leading 3D printer company valued at about $1.8 billion. [Extracted from the article]

(Bloomberg) -- Stratasys Ltd. is in talks to acquire Desktop Metal Inc. in an all-stock deal that would create a leading 3D printer company in a fragmented industry, according to people familiar with the matter. Stratasys shareholders would own a majority of the combined company, the people said. [Extracted from the article]

(Bloomberg) -- Stratasys Ltd. is in talks to acquire Desktop Metal Inc. in an all-stock deal that would create a leading 3D printer company in a fragmented industry, according to people familiar with the matter. Stratasys, headquartered in Minnesota and Israel, has been rebuffing recent takeover overtures from 3D printer rival Nano Dimension Ltd. (Updates with late trading in fourth paragraph. [Extracted from the article]