MTV Networks, a division of Viacom Inc. (NYSE: VIA), has agreed to acquire Atom Entertainment Inc., a San Francisco-based online provider of games, short films and video. The deal is valued at $200 million, and is expected to close later this quarter. Atom and its predecessors raised VC backing from firms like Sequoia Capital, Arts Alliance Advisors, Intel Capital, Macromedia Ventures and Transcosmos. www.mtv.com www.atomentertainment.com
Intel Corp. has agreed to sell its media and signaling business to Eicon Networks Corp. of
Scott Carter and Alexander Harrison have joined Sequoia Capital as partners focused on the software and services sectors. They previously were with Summit Partners. www.sequoiacap.com
VC Deals |
Arisaph Pharmaceuticals Inc., a Boston-based drug company focused on diabetes, cancer and cardiovascular disease, has closed the second $8 million tranche of a $16 million funding round. Both tranches were provided by Kos Pharmaceuticals Inc. (Nasdaq: KOSP) and 2004 Oikos Investment Partners. www.arisaph.com
Bix.com Inc., a Palo Alto, Calif.-based provider of a user-generated online contest system, has raised $6.78 million in VC funding from firms like Sutter Hill Ventures, Trinity Ventures and
Microchip Biotechnologies Inc., a Dublin, Calif.-based developer of microfluidic and nanofluidic technologies, has raised $3 million in Series A funding led by In-Q-Tel, according to a regulatory filing. www.microchipbiotech.com
Primorigen Biosciences LLC, a Madison, Wis.-based developer of tool kits for cell therapy research, has raised $2.45 million in new VC funding. Louisiana Fund 1 provided $1 million, while the remainder came from undisclosed out-of-state backers. www.primorigen.com
JiGrahak Mobility Solutions Ltd., an India-based provider of mobile ecommerce software solutions, has raised $2.2 million from Helion Venture Partners. www.ngpay.com
Buyout Deals |
Freeman Spogli & Co. has acquired Mattress Giant Corp., a Dallas, Texas-based specialty bedding retailer. Sellers included Banc of America Capital Investors, Richland Ventures, First Avenue Partners and Nelson Capital Partners. No financial terms were disclosed. Edgeview Partners represented Mattress Giant on the deal. www.mattressgiant.com
ITV PLC, a UK-based broadcaster, paid Lazard, Lovells and KPMG