The heated, highly-publicized trial in New York between Match and Tinder founders came to a screeching halt as the parties reached a $441 million settlement, a new regulatory filing by Match Chief Business Affairs and Legal Officer Jared Sine revealed. Leading the settlement were New York lawyers from Gibson Dunn, Wachtell and Susman Godfrey.
DBJ: Vista Equity-backed Solera to Acquire 2 Texas Companies
Vista Equity is looking to roll up three of its portfolio companies based in North Texas as Solera Holdings looks to acquire Omnitracs and DealerSocket.
DBJ: Caris Raises Over $800M, Putting Valuation at $7.8B
Shearman & Sterling advised the Irving-based company that has now raised roughly $1.3 billion in outside financing since 2018, the Dallas Business Journal reports.
DBJ: Dallas Fintech Going Public at Valuation of Nearly $5B
Apex Clearing Holdings was represented by a Sidley team led out of Chicago that included associates in Dallas.
DBJ: Frisco Video Game Company Getting Acquired in Massive Deal Worth Up to $1.3B
The maker of “Borderlands” has agreed to a transaction that will make it a wholly-owned subsidiary of Sweden’s Embracer Group. Brian Womack of the Dallas Business Journal has the details.
DBJ: DOJ Scrutiny into Match Group Has Ended After Nearly a Year, Filing Shows
The Dallas-based company received a grand jury subpoena from the DOJ last year for documents relating to certain marketing-related claims in a lawsuit from the Federal Trade Commission against the company.
DBJ: AT&T Hit by Lawsuits Alleging Company Didn’t Pay Workers Overtime
The plaintiffs are seeking unpaid overtime compensation, liquidated damages under the FLSA and the other items, according to the lawsuit.
DBJ: U.K. Agency Blocks Sabre Acquisition
The U.K. Competition and Markets Authority said it’s blocking Sabre’s planned acquisition of Farelogix, arguing travel agents and passengers there would be “worse off.” The decision comes the same week the travel technology company won its antitrust case against the U.S. Department of Justice, which has since appealed that decision.
DBJ: Texas Instruments Sued by NTT Over Patents Covering Wi-Fi
One of the largest telecommunications companies in the world has filed a lawsuit in federal court in Waco against the Dallas company for infringing on patents.
DBJ: Sabre Wins Antitrust Case Against DOJ
The case centered around the roughly $360 million acquisition of Farelogix, a deal that was first announced in late 2018. Sabre is still looking for another win from the U.K Competition and Markets Authority.