Microsoft Buying Danger

Microsoft Corp. has agreed to acquire Danger Inc., a Palo Alto, Calif.-based provider of software and services for mobile handsets. No financial terms were disclosed. 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%). Danger currently is in registration for a $100.05 million IPO.