Daily Deal Activity 05/26/15

NOTEWORTHY

cable & Satellite Television

Charter Communications (Nasdaq:CHTR) has offered to acquire Time Warner Cable (NYS:TWC) for $78.4 billion, including debt, representing 3.4x revenue. The potential combination would overtake Comcast as the number one US cable services provider, and the agreement includes a $2 billion termination fee.

Digital Media/Commerce

classifieds/auctions/p-to-p

Crowdfunding commercial real estate group Acquire Real Estate has raised $6 million in a round of funding from private investors. The company will use the new round of funding for building out its investor serving platform.

ecommerce

Expedia has sold its 62 percent majority stake in mobile and online travel service provider eLong (Nasdaq:LONG) to Priceline Group-owned corporate travel management and package tours services provider Ctrip (Nasdaq:CTRP) and other china-based investors for $682 million. The estimated purchase price of Ctrip’s 37.6 percent stake is $410 million.

ecommerce

Online produce eCommerce provider FruitDay has raised $70 million in Series C funding led by JD.com with participation from Susquehanna International Group and ClearVue Partners. The company will use the new round of funding for enhancing its logistics systems.

ecommerce

Sycamore Partners-owned specialty retailer Hot Topic has acquired GeekNet (Nasdaq:GKNT), operator of ThinkGeek.com, for $122 million. The acquisition will provide GeekNet with an increased customer base as the company looks to expand its product offering.

ecommerce

Munchery, a provider of same-day food delivery services, has raised $85 million at a valuation of $300 million in Series C funding led by Menlo Ventures and Sherpa Ventures with participation from NorthGate Capital, 137 Ventures, Mousse Partners, e.ventures, and Greycroft Partners. The company has raised $117 million to date and will use the new round of funding for bringing its services to new regions.

ecommerce

UrbanPro, developer of an on-demand service marketplace, has raised $2 million in a round of funding from Nirvana Venture Advisors. The company will use the new round of funding for building out its platform interface while growing its audience.

gaming

Sports betting technology developer Digitote will be acquired by software-based gaming solutions provider Contagious Gaming for $5.4 million. The acquisition expands Contagious Games’ sports betting offering with an enabled multi-channel fixed odds platform. Further terms of the deal were not disclosed.

gaming

Mobile gaming platform and community operator Palringo has acquired Finland-based game studio Tribe Studios. The acquisition coincides with Palringo’s expansion strategy of rolling gaming studio’s into its integrated community games platform. Terms of the deal were not disclosed.

niche content

Taiwan-based independent news site The News Lens has raised $2 million in a round of funding from North Base Media, 500 Startups, and Lionrock Capital. The company will use the new round of funding for launching a mobile app.

niche content

The Root, an online news aggregator for African Americans, has been acquired by Hispanic America media company Univision Communications. The acquisition provides The Root with enhanced digital production facilities and a strengthened publishing infrastructure. Terms of the deal were not disclosed.

Digital Advertising

online lead generation

India-based interior design platform Renderlogy has raised $1 million in a round of funding from Astarc Ventures. The company will use the new round of funding for moving away updating its revenue model and building out its technology.

veritcal search

Nigeria-based hotel bookings site Hotels.ng has raised $1.2 million in a round of funding from Omidyar Networks. The company will use the new round of funding for expanding its listings internationally while continuing to develop its platform.

Marketing Technology

analytics & targeting

Spain-based marketing services provider Beabloo, which specializes in providing analytics solutions for retailers, has raised $10.9 million in a round of funding from SoftBank. The company will use the new round of funding for expanding its customer base internationally.

commerce management

Clutch, developer of consumer management solutions for customer-focused brands, has raised $5 million in a round of funding from Safeguard Scientifics (NYSE:SFE). The company has raised $14.4 million to date and will use the new funding for accelerating its marketing and sales initiatives while expanding into the new markets.

commerce management

Canada-based automatic eCommerce revenue optimization platform Granify has raised $7 million in Series A funding led by Valar Ventures with participation from iNovia Capital, Social Starts, and private investors. The company will use the new round of funding for accelerating growth.

market research

Personal energy efficiency scoring platform Enervee has raised $3.7 million in a round of funding led by Obvious Ventures with participation from private investors. The company will use the new round of funding for developing new product monetization methods.

Traditional Media

entertainment media

International music company BMG has acquired digital music community and record label Rise Records. The acquisition provides Rise Records with an increased international network as the company looks to expand its digital community. Terms of the deal were not disclosed.

Radio

Digital community news and information outlet provider Morris Communications will sell its radio station division to Alpha Media. The acquisition bolsters Alpha Media’s radio station portfolio as Morris Communications consolidates focus on its digital offerings. Terms of the deal were not disclosed.

Software

cloud computing

Enterprise cloud solutions provider Virtustream has been acquired by EMC (NYSE:EMC) for $1.2 billion. The acquisition provides EMC with access to Virtustream’s global data center footprint as the company looks to combine the newly provided offering with the capabilities of recently purchased CloudScaling.

data management

Converged data management company Rubrik has raised $41 million in Series B funding led by Greylock Partners with participation from Lightspeed Venture Partners. The company has raised $51 million to date and will use the funding for accelerating its global presence.

healthcare

Medicine and chronic care management solutions provider Persivia has acquired Alere Analytics, a provider of real-time population analytics for the healthcare industry. The acquisition provides Persivia with enhanced analytics capabilities for its medication and cost management solutions. Terms of the deal were not disclosed.

software development tools

India-based MartMobi, a provider of solutions for helping vendors build mobile apps and sites, has been acquired by Snapdeal. The acquisition will improve Snapdeal’s mobile experience for sellers and customers on its marketplace. Terms of the deal were not disclosed.

Business Services

logistics

Fleet management services provider Fleetrover has raised $1.8 million in a round of funding from private investors. The company will use the new round of funding for scaling up operations and further developing its technology.

About Petsky Prunier
Petsky Prunier is one of the leading investment banks in the technology, media, marketing, eCommerce, and healthcare industries. Our firm's mergers and acquisitions and private placements advisory services reflect a unique blend of product specialization and industry expertise. Together with strategic consulting firm Winterberry Group, a Petsky Prunier company, our organization represents one of the largest industry-specific advisors providing strategic and transactional services. In addition, we offer international reach through our partnership with investment bank Altium, which operates from nine offices across Europe. Securities transactions are processed through Petsky Prunier Securities LLC, a member of FINRA and an affiliated entity.

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