- First Step to Final Offer
- Posts
- First Step to Final Offer (07/23/24)
First Step to Final Offer (07/23/24)
Brooks Gammill
July 23, 2024
Your weekly round-up of an M&A deal walkthrough, insightful market news summaries, technical quiz questions, and various internships, events, and diversity programs. A key resource to best prepare yourself for finance recruiting. If someone sent you the newsletter subscribe below!
CAREER OPPORTUNITIES
Class of 2027 Jobs & Events
Deloitte Consulting Discovery Sophomore Intern Summer 2025 [NEW] - Link here
Deloitte Discovery Sophomore Intern Risk & Financial Advisory (Government & Public Services) - Summer 2025 [NEW] - Link here
Deloitte Discovery Intern (Sophomore) Consulting (Government & Public Services) - Summer 2025 [NEW] - Link here
RBC Capital Markets U.S. Pathways Diversity Award Program Link Here
RBC Capital Markets U.S. Women’s Advisory Program Link Here
RBC Capital Markets LGBTQ+ Sophomore Insights Program Link Here
Bain & Company Event Series Link Here
Deloitte Events Link Here
Goldman Sachs Emerging Leaders Series - Link Here
Morgan Stanley Summer 2025 Applications - Link Here
Class of 2026
Summer 2025 Applications
Deutsche Bank Internship Program - Investment Bank: Origination and Advisory - New York 2025 [REPOSTED] - Link here
Deutsche Bank Internship Program - Investment Bank: Origination and Advisory Capital Markets - New York 2025 [REPOSTED] - Link here
Deutsche Bank Internship Program - Investment Bank: Origination and Advisory - Jacksonville 2025 [REPOSTED] - Link here
Deutsche Bank Internship Program - Investment Bank: Origination and Advisory - San Francisco 2025 [REPOSTED] - Link here
Deutsche Bank Internship Program - Investment Bank: Origination and Advisory - Boston 2025 [REPOSTED] - Link here
Deutsche Bank Internship Program - Investment Bank: Origination and Advisory - Chicago 2025 [REPOSTED] - Link here
Lazard 2025 Institutional Client Group Summer Internship-Link Here
RBC Capital Markets 2025, Municipal Finance Summer Analyst - Link Here
Baird, Equity Research Analyst Summer 2025 - Link Here
BCG Associate Internship - Link Here
Bain & Company Associate Consultant Intern - Link Here
Santander Summer 2025 Analyst Role - Link Here
Morgan Stanley 2025 Investment Management Summer Analyst - Fixed Income - Link Here
Nomura Summer 2025 Analyst Roles - Link Here
Citadel Securities Trading Fundamental Analyst - Link Here
Loop Capital Summer 2025 Analyst Positions - Link Here
Stifel Financial Corp Summer 2025 Analyst Roles - Link Here
Citi Summer Summer 2025 Analyst Roles - Link Here
StepStone Group Summer 2025 PE Analyst - Link Here
Guggenheim Summer 2025 Applications - Link Here
Oppenheimer Summer 2025 Applications - Link Here
Abdiel Capital Summer 2025 Application - Link Here
Solomon Partners Summer 2025 Applications - Link Here
Long Ridge Summer 2025 Application - Link Here
D.E. Shaw Summer 2025 Application - Link Here
Bank of America Summer 2025 Applications - Link Here
Point72 Summer 2025 Application- Link Here
JMI Equity Summer 2025 Application - Link Here
J.P. Morgan Summer 2025 Application- Link Here
MARKET NEWS
Google and Wiz Terminate $23 Billion Acquisition Talks
Google's parent company, Alphabet, and Israeli cybersecurity startup Wiz have officially ended discussions regarding a potential $23 billion acquisition. This deal, which would have been Google's largest acquisition and the largest-ever purchase of a venture-backed company, was halted as Wiz decided to focus on its independent growth and pursue an initial public offering (IPO) instead.
Wiz CEO Assaf Rappaport emphasized the company's commitment to building independently in an internal memo to employees, highlighting confidence in their growth strategy. The decision to remain independent allows Wiz to continue its trajectory towards achieving $1 billion in annual revenue and solidifying its position in the cybersecurity market.
For Google, the termination of these talks means exploring other avenues to enhance its cybersecurity capabilities, as it continues to face antitrust scrutiny. The move reflects a broader trend among tech startups favoring IPOs over acquisitions by larger tech companies. (CNBC)
Delta Air Lines Faces Operational Challenges Due to Global IT Outage
Delta Air Lines experienced significant disruptions due to a global IT outage caused by a faulty update from cybersecurity firm CrowdStrike. The outage affected multiple airlines, leading to thousands of flight cancellations and delays. While Delta resumed some operations, it continued to struggle with restoring full service, drawing attention from federal regulators. The incident underscores the vulnerability of critical infrastructure to technological issues and highlights the need for robust contingency planning. (AP News)
Warner Bros. Discovery Intends to Match Amazon’s NBA Rights Deal
Warner Bros. Discovery (WBD) has announced its intention to match Amazon's $1.8 billion annual bid for NBA media rights. This move comes as part of the NBA’s new 11-year, $76 billion media rights agreement involving ESPN, NBC, and Amazon. If successful, this would allow WBD’s TNT Sports to continue broadcasting NBA games, maintaining its long-standing partnership with the league. This deal is set to start after the 2024-25 season and reflects the competitive nature of securing valuable sports broadcasting rights. (AP News)
M&A DEAL OVERVIEW
Woodside Acquires Tellurian in $1.2 Billion Deal
NEW YORK, July 22 (Business Insider) - Tellurian Inc. announced its acquisition by Australia's Woodside Energy Group for an enterprise value of $1.2 billion. The deal includes a $900 million all-cash payment and a $230 million loan to support Driftwood LNG operations. This acquisition offers Woodside a significant U.S. LNG development opportunity, enhancing its global LNG portfolio. The transaction is expected to close in the fourth quarter of 2024, marking a strategic expansion for Woodside. (Business Insider)
TECHNICAL QUESTION OF THE WEEK:
ADDITIONAL RESOURCES
LAST WEEK TECHNICAL QUESTION OF THE WEEK ANSWER:
