Listed, California-based games developer Electronic Arts will acquire PopCap Games, the companies announced Tuesday. EA will pay approximately $650 million in cash and $100 million in shares of EA common stock to be issued to certain stockholders of PopCap. EA has executed a commitment letter for a $550 million senior unsecured bridge facility for the deal. Morgan Stanley & Co. LLC provided EA's board of directors valuation advice in connection with the transaction. EA was also assisted by UBS Investment Bank.
10 min read · 12 July 2011
Abine Inc., the Online Privacy Company, closed a $5 million Series A round of fundraising from investors Atlas Venture and General Catalyst. Jeff Fagnan, a partner with Atlas Ventures, and David Orfao, a General Catalyst partner, worked on the deal for the VCs. Specifics of the transaction were not publicized.
2 min read · 12 July 2011
Qualtre Inc., the Massachusetts-based motion sensor supplier, has raised $10 million from VC investors including Matrix Partners and Pilot House Ventures. Stan Reiss, a general partner with Matrix Partners, worked on the for the VC. Specifics of the transaction were not publicized.
3 min read · 12 July 2011
GoTV Networks, the mobile media company, has been acquired by Phunware, the branded mobile app infrastructure firm. Specifics of the transaction were not publicized. Siemer & Associates was advisor to GoTV Networks on the transaction, while Phunware was self represented.
3 min read · 12 July 2011
3 min read · 12 July 2011
Michael Hewett will join Strategic Value Partners after a six-year run as managing director and head of investor relations with Terra Firma Capital Partners. He will be a managing director leading business development in Europe and the Middle East at SVP, working under Victor Khosla and Jean-Louis Lelogeais, co-founders of the firm.
2 min read · 12 July 2011
2 min read · 12 July 2011
3 min read · 07 July 2011
Tapjoy, the mobile applications network, took $30 million from new investors advised by J.P. Morgan Asset Management and including major existing investors Rho Ventures, North Bridge Venture Partners, InterWest Partners and D.E. Shaw Ventures. It was the company’s Series D rundraising. Paul Santinelli of North Bridge, and Larry Unrein at JPMorgan each worked on the transaction. Further specifics were not publicized.
3 min read · 07 July 2011
PetFlow.com, the online store specializing in pet needs and product delivery, has raised $10 millino from investors including Lightspeed Venture Partners, the startup announced. Juistin Caldbeck, managing director with Lightspeed, worked on the transaction for the VC.
2 min read · 07 July 2011
