Solta Medical Inc., a publicly listed medical aesthetics company, has acquired Aesthera Corporation, a Pleasanton, Calif.-based TK for $6 million in common stock and cash. Aesthera recieved at least $15 million in venture backing from MedVenture Associates and Adams Street Partners.
2 min read · 26 February 2010
Baidu, Inc., a Chinese language Internet search provider, confirmed previous reports that Providence Equity Partners will invest in the company. The Providence-based private equity firm will invest $50 million in Baidu's new online video company to develop an advertising supported online video business. Baidu will continue to maintain majority ownership in the company.
4 min read · 26 February 2010
MOG, a digital music and music blogging network based in Berkeley, Calif., closed a round of funding totaling $9.5 million, led by London-based Balderton Capital and Menlo Ventures. Additional investors in the company include Simon Equity Group, Universal Music Group and Sony Music.
4 min read · 26 February 2010
ErGo Media Capital, an entertainment and media investment firm headed by former Cinetic Media co-founder Matt Littin. Based in New York, the firm is backed by ErGo Ventures, a private investment vehicle.
2 min read · 25 February 2010
Silicon Graphics (Nasdaq: SGI) has acquired the assets of Copan Systems, a Longmont, Colo.-based provider of persistent data storage solutions. No financial terms were disclosed. Copan had raised over $105 million from Austin Ventures, Battery Ventures, Globespan Capital Partners, FirstMark Capital, Westbury Partners and Credit Suisse.
2 min read · 25 February 2010
Cephalon Inc. (Nasdaq: CEPH) has exercised an option to acquire Ception Therapeutics Inc., a Malvern, Pa.-based drug company whose lead candidates are anti-inflammatories. The deal was originally signed in early 2008, with Cephalon making a $100 million upfront payment, and agreeing to pay another $250 million if it chose to exercise the acquisition option. Ception has raised around $88 million in VC funding, from firms like Essex Woodlands Health Ventures, Investor Growth Capital, MDS Life Sciences, New Science Ventures and Aperture Venture Partners.
5 min read · 25 February 2010
Brian Barnum has joined Mayfield Fund as an entrepreneur-in-residence. He is the former president of RH Donnelley Interactive.
1 min read · 25 February 2010
hi5 Networks Inc., a San Francisco-based social networking site with strong international presence, has acquired Austin, Texas-based social gaming company Big Six. No financial terms were disclosed. Hi5 raised a $20 million Series A round led by Mohr, Davidow Ventures in 2008.
3 min read · 25 February 2010
1 min read · 25 February 2010
DubMeNow, a Vienna, Va.-based developer of an application for exchanging contact information, has raised $2.8 million in new VC funding. Syncom Ventures led the round, and was joined by individual angels. TechCrunch first reported the news. www.dubmenow.com
1 min read · 25 February 2010
