Comcast To Acquire Fandango

Comcast Corp. (Nasdaq: CMCSA) has agreed to acquire Fandango Inc., a Los Angeles-based movie ticket reseller via the Internet, telephone or mobile device. No financial terms were disclosed for the deal, which is expected to close later this quarter. Fandango has raised around $61 million in VC funding since 2000, from firms like Accretive Technology Partners, Cinemark, General Atlantic, Lowes Corp. and Technology Crossover Ventures. It was advised on the sale by Banc of America Securities.