logo
Legal Software Startup Clio to Acquire VLex for $1 Billion

Legal Software Startup Clio to Acquire VLex for $1 Billion

Bloomberg30-06-2025
Canadian software company Themis Solutions Inc. struck a deal to buy legal data and research company vLex LLC for $1 billion in cash and shares.
Themis, which is better known by its operating name Clio, helps lawyers manage their practices by automating processes such as client intake, accounting and document management. The acquisition will give it control of vLex's artificial intelligence platform, known as Vincent, which is based on its huge database of legal documents, according to a statement Monday that announced the transaction.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Nexstar's $3.5B Power Grab: The Local TV Takeover That Could Rewrite Broadcast History
Nexstar's $3.5B Power Grab: The Local TV Takeover That Could Rewrite Broadcast History

Yahoo

time25 minutes ago

  • Yahoo

Nexstar's $3.5B Power Grab: The Local TV Takeover That Could Rewrite Broadcast History

After years of industry head-fakes, Nexstar Media Group (NASDAQ:NXST) is finally pulling the triggeracquiring Tegna for $3.5 billion in cash, or $22 a share. That's a 44% premium from where Tegna was trading in early August, when whispers of the deal first surfaced. The all-in transaction value comes to $6.2 billion when debt and fees are stacked in, making this one of the largest broadcast rollups in recent memory. If it closes, Nexstar could control stations reaching 80% of U.S. homesa scale that would've been unthinkable under prior FCC rules. But in July, a key appeals court nuked the long-standing top four ownership cap, opening the floodgates for moves just like this. Warning! GuruFocus has detected 8 Warning Signs with NXST. Tegna's stock jumped as much as 4.8% to $21.14 after the announcementjust shy of the deal price, signaling market confidence in the close. The deal marks a comeback bid for Tegna, whose earlier $5.4 billion sale to Standard General imploded under regulatory pressure. Now the question shifts to whether this administration is willing to greenlight a megamerger that effectively consolidates swaths of the U.S. broadcast landscape. Nexstar says it already has financing lined up from multiple banks and expects to close the deal in the second half of 2026, pending regulatory and shareholder approvals. Behind the scenes, Sinclair had also reportedly courted Tegna. But in a dramatic reversal of roles, Nexstaronce the seller of 11 stations to Tegna in 2019 for $740 millionis now the heavyweight. Its market cap now towers at 6x Sinclair's. The strategic logic? Scale buys time. As audiences shrink and ad dollars chase TikTok and YouTube, owning more local stationsand the retransmission fees that come with themcould help Nexstar weather the storm. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

2 Dirt Cheap Stocks to Buy With $100 Right Now
2 Dirt Cheap Stocks to Buy With $100 Right Now

Yahoo

time25 minutes ago

  • Yahoo

2 Dirt Cheap Stocks to Buy With $100 Right Now

Written by Demetris Afxentiou at The Motley Fool Canada The market is full of great long-term options for investors to consider. Among those are some truly great, if not dirt cheap stocks to buy, even with just $100 to spare. Here's a look at two prime candidates for investors to consider, which can only be defined as dirt cheap stocks. Have you considered Telus lately? It would be hard to find a stock with a more compelling case for dirt cheap stocks to buy than Telus (TSX:T) right now. Telus is one of Canada's big telecom stocks, offering subscription-based services to customers across Canada. That subscription revenue provides Telus with a recurring, stable revenue stream that lets the telecom invest in growth and pay out a handsome dividend. In the most recent quarter, the telecom posted a 2% gain in operating revenue, which came in at $5.1 billion. The company also managed to keep churn under 1% for the 12th consecutive year, while adding 198,000 new customers. Turning to growth, Telus is focusing on two areas. Earlier this year, Telus announced a whopping $70 billion investment over the next several years. That investment will be used to improve its network infrastructure and operations across the country. That includes both fibre and 5G network enhancements. The other area is Telus' growing digital services arm. That group, known as Telus Digital, provides services to businesses in specific niche markets such as healthcare and agriculture. This provides yet another growing revenue stream for the telecom. Turning to income, Telus really shines as one of the dirt cheap stocks to buy. As of the time of writing, Telus offers an insane 7.3% yield. Not only does this make Telus one of the better-paying dividends on the market, but it also translates into an incredible opportunity for long-term investors. That's because investing just $5,000 into Telus will earn a dividend income sufficient to generate over a dozen shares through reinvestments each year. Throw in the fact that Telus has provided better than annual increases to that dividend for two decades, and you have a must-have stock for any portfolio. All aboard! The growth train is leaving Another one of the dirt cheap stocks for investors to consider right now is Canadian National Railway (TSX:CNR). Canadian National is one of the largest railways on the continent, with a vast network that stretches from coast to coast and down the U.S. Midwest to the Gulf. The railway hauls a variety of goods across that network. In fact, over $250 billion worth of goods traverse that network each year. Those goods can be anything from automotive components and raw materials to crude, precious metals, and wheat. That vast network and the sheer importance of the goods that Canadian National hauls make the stock one of the most defensive picks on the market. And despite that broad defensive appeal, as of the time of writing, Canadian National's stock price trades near its 52-week low. In fact, the stock is down a whopping 16% over the trailing 12-month period. During that same time, the railway's reliable quarterly dividend has grown to an appetizing 2.8%. Adding to that appeal, prospective investors should note that Canadian National has provided annual bumps to that dividend for nearly three decades without fail. In other words, Canadian National, with its reliable business model, wide defensive moat, and juicy yield is one of the dirt cheap stocks that belongs in your portfolio Will you buy these dirt cheap stocks? No stock is without risk, and that applies even to defensive picks like Canadian National and Telus. Fortunately, both the stocks mentioned above not only offer a defensive moat, but also appetizing dividends and growth potential. In other words, they may be a pair of dirt cheap stocks now, but they won't be forever. In my opinion, one or both of these dirt cheap stocks should be core holdings in any well-diversified portfolio. Buy them, hold them, and watch your portfolio grow. The post 2 Dirt Cheap Stocks to Buy With $100 Right Now appeared first on The Motley Fool Canada. Should you invest $1,000 in Shopify right now? Before you buy stock in Shopify, consider this: The Motley Fool Stock Advisor Canada analyst team identified what they believe are the 15 best stocks for investors to buy now… and Shopify wasn't one of them. The 15 stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 … if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $24,427.64!* Now, it's worth noting Stock Advisor Canada's total average return is 94%* – a market-crushing outperformance compared to 61%* for the S&P/TSX Composite Index. Don't miss out on our top 15 list, available when you join Stock Advisor Canada. See the 15 Stocks * Returns as of July 15th, 2025 More reading 10 Stocks Every Canadian Should Own in 2025 3 Canadian Companies Powering the AI Revolution Fool contributor Demetris Afxentiou has positions in Canadian National Railway. The Motley Fool recommends Canadian National Railway and TELUS. The Motley Fool has a disclosure policy. 2025

Cantor Reaffirms Overweight on CyberArk (CYBR), $470 PT After Q2 Results
Cantor Reaffirms Overweight on CyberArk (CYBR), $470 PT After Q2 Results

Yahoo

time25 minutes ago

  • Yahoo

Cantor Reaffirms Overweight on CyberArk (CYBR), $470 PT After Q2 Results

CyberArk Software Ltd. (NASDAQ:CYBR) is one of the On August 15, Cantor Fitzgerald analyst Jonathan Ruykhaver reiterated an Overweight rating on the stock with a $470.00 price target. The reiteration follows the company's early release of its second-quarter 2025 results. Cantor noted how CyberArk's second-quarter results have been steady but that it didn't provide any guidance update due to the pending acquisition by Palo Alto Networks. The proposed acquisition, valued at $25 billion, will enhance Palo Alto's platform by leveraging CyberArk's best-in-class PAM and agentic identity capabilities. 'The deal strategically enhances Palo Alto's platform by adding CyberArk's best-in-class PAM and agentic identity capabilities, bolstering its identity security and AI-driven SecOps offerings. While regulatory scrutiny and integration risks exist given the scale and cultural differences, the acquisition aligns with broader industry consolidation and Palo Alto's goal to expand its platform and customer base.' A successful investor looking out the window of a high rise office building, symbolizing the success of the company. CyberArk Software Ltd. (NASDAQ:CYBR) develops, markets, and sells software-based identity security solutions and services. While we acknowledge the potential of CYBR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store