Danger Pulls IPO

Danger Inc., a Palo Alto, Calif.-based provider of software and services for mobile handsets, has withdrawn its registration for a $100 million IPO. The move is related to Microsoft's recent agreement to acquire Danger for approximately $500 million.

Danger has raised around $142 million in total VC funding since 2000, including a Series E round in late 2006 at a post-money valuation of approximately $187 million. Shareholders include Mobius Venture Capital (17.6%), Redpoint Ventures (14.8%), T-Mobile (12.6%), Softbank Capital (12.7%), Motorola (11.2%), Meritech Capital Partners (7.8%) and VSP Capital (6.2%). www.danger.com