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Accu-Break Pharmaceuticals Inc., a Plantation, Fla.-based drug company focused on increased efficacy of oral dosages, has raised $5.65 million in its first institutional funding round (fourth overall round). Participants included S.A.C. Capital Associates and Pequot Capital Management. www.accubreakpharmaceuticals.com
Oversee.net, a Los Angeles-based online marketing company, has agreed to acquire SnapNames Inc., a Portland, Ore.-based operator of expired and deleting domain names. No financial terms were disclosed for the deal, which is expected to close within the next few weeks. SnapNames had raised nearly $9 million in VC funding since its 2000 inception, from […]
MILPITAS, Calif. (AP) – Singapore-based contract electronics manufacturer Flextronics International Ltd. said Monday it is purchasing contract electronics maker Solectron Corp. in a cash-and-stock deal worth about $3.6 billion. Solectron shareholders will be able to convert each of their shares into either 0.3450 shares of Flextronics shares or $3.89 per share in cash. The terms […]
Google has confirmed that it acquired Feedburner, a Chicago-based provider of online feed distribution and management tools. No financial terms were disclosed, although TechCrunch had previously reported a $100 million price. Feedburner has raised $10.2 million over three rounds since 2004, from firms like Mobius Venture Capital, Portage Venture Partners, Sutter Hill Ventures and Union […]
Verari Systems Inc., a San Diego-based blade computing company, has raised nearly $25 million in Series C funding, according to a regulatory filing. Return backers include Carlyle Venture Partners, Sierra Ventures, Voyager Capital and Celerity Partners. www.verari.com
Innovative Metabolics Inc., a Cambridge, Mass.-based developer of a neuron-modulation platform technology to treat a variety of acute and chronic diseases, has raised $6 million in first-round funding, according to a regulatory filing. Backers include Morganthaler Ventures and Foundation Medical Partners.
BATS Trading Inc., a Kansas City-based electronic exchange, has raised $45 million in second-round funding led by Citigroup. The company had launched in mid-2005 with around $40 million from Credit Suisse, Getco, Lehman Brothers, Lime Brokerage, Merrill Lynch, Morgan Stanley and Wedbush. Some of those firms reinvested in the new round. www.batstrading.com
NEW YORK (AP) – Shares of newspaper publishers traded mostly higher Friday after the Bancroft family, controlling shareholder of Dow Jones & Co., agreed to meet with Rupert Murdoch over News Corp.'s $5 billion bid for the publisher of The Wall Street Journal. The Bancrofts initially refused an offer from News Corp., but said late […]
Cerberus Capital Management is among those expected to make a run at listed Canadian sporting goods retailer Forzani Group, according to The Globe and Mail.
Neff Corp., a Miami, Fla.
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