The Network:
Business at Berkeley Law



Oracle Set to Acquire NetSuite

On November 7, Oracle completed its proposed acquisition of NetSuite, a cloud storage company. Oracle had initially launched its cash-for-stock tender offer in July, proposing to acquire NetSuite for $109 per share, in a deal valued at $9.3 billion.

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Bidders Hesitate to Buy Takata’s Assets

Takata, one of the world’s top automotive parts producers, faces potential liabilities of billions of dollars to cover the cost of the biggest automotive recall in history, arising from its defected air bags. The company is considering a U.S. bankruptcy filing and is seeking a financial backer. But all bidders interested in Takata’s car parts business want Takata to file bankruptcy in the U.S. first.

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Will Healthcare Mergers Feel the Trump Effect?

The election of Donald Trump has shone a new light on healthcare insurance mega-mergers currently being challenged by the Obama administration. With the Anthem-Cigna trial in motion, and Aetna-Humana soon to follow, the future of health care insurance is up in the air. If successful, these two mergers will significantly reshape the market, reducing the five major health insurers to just three.

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EpiPen Maker Accused of Anti-Competitive Practices

The EpiPen is a necessity for people who are at risk of anaphylaxis, a life-threatening type of allergic reaction. They are a common item in kids’ backpacks and home first-aid kits, and the name has become a generic term that refers to epinephrine auto-injectors. Yet the product itself is only available as a brand-name product that costs hundreds of dollars.

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IRS Attempts to Crackdown on Bitcoin Users with “John Doe” Summons

The Department of Justice on behalf of the Internal Revenue Service (IRS) filed a request for a “John Doe” summons in federal court for the individuals who engaged in transactions on Coinbase from 2013-2015. A “John Doe” summons request does not name any individual in particular, but instead identifies a nameless class of people that Coinbase is expected to turnover. The summons currently would include a large portion of the 4.8 million users trading over $5 billion in virtual currencies.

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Facebook Versus German Hate Speech Laws

Facebook in Germany is a test case globally on how social media should respond to inappropriate and illegal content. Chancellor Angela Merkel and Justice Minister Heiko Maas are demanding that Facebook monitors the content published in its network and deletes unlawful content within 24 hours.

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Trump to Take Actions on Immigration Visa Programs

Just last week, President-elect Donald Trump nominated Senator Jeff Sessions, a top H-1B opponent, to be his attorney general, which may lead the main U.S. visa program for technology workers to face renewed scrutiny.

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Dallas Stares Down a Texas-Size Threat of Bankruptcy

Dallas, the city with the fastest economic growth out of the nation’s 13 largest cites, is in trouble. It could soon join Detroit as one of the largest American cities to go bankrupt.

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Volkswagen Emissions Scandal is More than Just Cheating on Emissions Tests

The Volkswagen Emissions Scandal arose last year after it was determined that Volkswagen had programmed as many as 11 million diesel cars to cheat on air-quality and emissions tests. The scandal led to a $14.7 billion class action settlement which included a car buyback program for Volkswagen car owners and a payment to the U.S. Environmental Protection Agency for environmental damage that Volkswagen had concealed. Volkswagen suffered about a 40% loss of its market value as a result of the scandal.

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Controversial Use Of “Ethnic Affinity” For Targeted Advertisement

It is common knowledge and widely accepted that any activity we conduct on the internet is used to create an online profile of our interests, age, and sex. Our information is being collected through activities such as online shopping, reading the news, and even watching YouTube videos. This information is gathered and stored on our browsers and accessed by advertisers to deliver targeted advertisements.

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