Of the purchase price by Microsoft, $686m will repay Skype’s debt leaving an equity value of $7.8bn, of which about $2.3bn will go to eBay.
Category: Deals
BP and DSM back Verdezyne
BP Alternative Energy Ventures, part of oil major BP’s renewable energy sources division set up in November 2005 to invest $8bn by 2015, and DSM Venturing, which has Netherlands-based industrial group DSM as parent, were the two new investors in Verdezyne.
U-Systems screens its next $6.5m
Siemens misses public mention in U-Systems’ latest round.
JiWire locates $20m
Alongside Comcast Interactive Capital in the $20m C round for JiWire were venture capital firms Trident Capital, which led the round, and DFJ Frontier, Norwest Venture Partners and Panorama Capital.
Corporates to sell out from LinkedIn
Some of the corporate venturing backers behind US-based business networking company LinkedIn will sell their holdings in their portfolio company at its flotation on May 18. LinkedIn will offer 7.84 million class A shares in its initial public offering, pricing the shares between $32 and $35 each to raise up to $315.6m with a $3.3bn… Continue reading Corporates to sell out from LinkedIn
Softbank paper gains 6x on RenRen
Softbank diluted to 34.2% after RenRen’s initial public offering, having originally invested $100m in April 2008, according to data provider Zero2IPO. By December last year, Softbank had invested $315m to give a six times return on the book value of its holding at $14 per share, Zero2IPO added.
JumpTap leaps for $25m
Last month, in a regulatory filing, JumpTap said it had raised $20m but the repeat investors in the latest $25m round include ad services group WPP.
WPP shoots with Ronaldo
Footballer Ronaldo and WPP own 45% of his new company with business partner Marcus Buaiz the remainder, according to news provider Financial Times (FT).
St Jude finds its iRhythm
Venture capital firm New Leaf Venture Partners led the C round for iRhythm Technologies as a new investor, and was joined by peers Mohr Davidow Ventures and Synergy Life Science Partners as well as St Jude.
Cisco finds way back to Mashery
In February last year, Mashery raised $5.5m in its series C round from Cisco and others, and has now added $11m.
Cenovus warms with fusion deal
Alongside Cenovus’ Environmental Opportunity Fund in the $19.5m series B round for General Fusion were Bezos Expeditions, the family office of Jeff Bezos, founder and head of online retailer Amazon, and venture capital firms.
SingTel wins Stream Media game
SingTel Innov8 money will help Stream Media’s develop its payment platform, MoVend, for online games published by UK-based Hyperbees and China’s GoodTeam Studios.
Mizuho joins Tata in tech
Mizuho through its Alpha TC corporate venturing vehicle that aims to bring Japanese companies to Indian firms, and Tata using its Tata Capital Growth Fund I invested the money for a 13.04% stake in Tata Technologies.
Delenex Therapeutics extends A round
Novo joins venture capital firms SV Life Sciences, HBM BioCapital, HBM BioVentures, BioMedInvest and VI Partners that had backed its CHF13.5m first close of the A round in November.