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EQT-Backed SK Shieldus’ $2.4 Billion-Equivalent Loan Launches

21 hours ago | news.bloombergtax.com | Kari Lindberg |Haram Lim

EQT-backed South Korean cyber security firm has launched an around $2.4 billion-equivalent syndicated loan to refinance a facility that had backed its acquisition, according to people familiar with the matter. The five-year refinancing, which is denominated in Korean won, is being marketed to the broader market, notably to South Korean banks, said the people, who asked not to be identified discussing private matters. , and are the joint arrangers, they said.
CareerBuilder Says AI, Hiring Slowdown Crippled Monster Merger

1 day ago | news.bloombergtax.com | Jonathan Randles |Steven Church

The merger of job recruitment sites and failed, in part, because of a slowdown in corporate hiring and competition from hiring tools driven by artificial intelligence, the company said in a Thursday bankruptcy court filing. The joint venture backed by for Chapter 11 bankruptcy in Delaware earlier this week, reporting $2.2 million in cash. CareerBuilder and Monster have lined up a $20 million loan from JMB Capital Partners Lending to fund itself as it pursues asset sales in the coming weeks.
HIG Poised to Appoint Bankers to Manage Interpath Sale: FT

1 day ago | news.bloombergtax.com | Rocio Fabbro

HIG Capital is poised to appoint bankers to manage a sale of Interpath Advisory at a target valuation of about £800m, the Financial Times , citing unidentified people familiar with the matter.
OpenAI, Copyright Plaintiffs Demo Technology for New York Judge

1 day ago | news.bloombergtax.com | Aruni Soni

Attorneys for , , and a slate of news organizations and authors suing them for copyright infringement demonstrated the technology behind AI models for a federal judge Thursday and offered differing explanations for how it works. The plaintiffs in the consolidated copyright lawsuits against OpenAI emphasized how large language models rely on their high-quality data and can potentially substitute for their creative works in a tech tutorial before Judge Sidney H.
AI Fair Use Loss to Meta Shows Copyright Plaintiffs How to Win

1 day ago | news.bloombergtax.com | Kyle Jahner |Aruni Soni |Isaiah Poritz

‘s victory finding its use of books to train AI was fair use under copyright law offers a roadmap for future plaintiffs, though it’s unclear that authors can take advantage—yet.
Kraken Plans to Launch Competitor to Venmo, Block’s Cash App

1 day ago | news.bloombergtax.com | Emily Nicolle

Crypto exchange is developing a financial services app targeting remittances and payments, further diversifying the company’s revenue streams ahead of a potential stock market debut. The new app, named Krak, will allow businesses and consumers globally to send and receive both crypto and traditional currencies across borders at little to no cost, Kraken said in a statement Thursday.
Alternatives to Bar Exam Met With Dueling Relief and Skepticism

1 day ago | news.bloombergtax.com | David Schultz

The bar exam is in a state of flux. A new “NexGen” test is about to debut, while several states now offer licenses to attorneys who haven’t taken the exam at all. These bar exam alternatives, many of which originated as emergency pandemic measures, are proving successful in smaller states, like South Dakota and New Hampshire, and even some larger ones, like Arizona and Oregon.
OpenAI CEO, Bank Officials to Speak at Fed Bank-Capital Meeting

1 day ago | news.bloombergtax.com | Megan Howard

The Federal Reserve outlined the agenda for its July 22 conference on banks’ capital requirements, which will feature discussions on the Basel III endgame, the stress testing framework, the capital surcharge for the largest lenders and leverage requirements. The event will include OpenAI Chief Executive Officer Sam Altman, bank executives and academics, among others.
Cybersecurity Firm Wants Microsoft, Okta Patent Suits Dismissed

1 day ago | news.bloombergtax.com | Lauren Castle

Biogy Inc. told a California federal judge it never accused Okta Inc. and of patent infringement when it sent their customer a demand letter that prompted the two companies to sue the cybersecurity firm.
Testing Standard Article With Toaster Graphic

1 day ago | news.bloombergtax.com | Atthar Mirza

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