Round the Clock Acquisitions 15 October 2007

October 15th, 2007 at 12:00 am
 


Private Equity Hub

Today I want to start a new segment.

I’ve been getting a lot of feeds from the Private Equity Hub about all sorts of comapnies from manufacturing to banking to web startups to industry giants, closing down, buying out or receiving funding. Too many actually that it gets tiring to write them all down. So I’m going to review the feeds I’m getting and publish what is relevant to Web 2.0 here daily!

Basically, I’ll be aggregating business deals in the Web2.0 scape for the past 24 hours so you won’t have to. Of course, thanks to PE Hub!

Today’s round up from PE Hub:

TokBox, a San Francisco-based video communications startup, has raised $4 million in Series A funding from Sequoia Capital and individual angels. The company says that its product "makes it effortless for anyone, anywhere to make a video call for free."

  • Agito Networks Inc., a Sunnyvale, Calif.-based provider of enterprise mobility solutions, has raised $9 million in Series A funding led by Battery Ventures. The company’s debut product is a platform designed to mobilize "business voice and data applications using RF-based, location-aware technologies and patent-pending algorithms."
  • Highland Capital Partners has acquired the consumer business of First Advantage’s US SEARCH.com. No financial terms were disclosed.
  • GE Healthcare has agreed to acquire Dynamic Imaging, an Allendale, N.J.-based provider of Web-based image and information management. Sellers include Capital Resource Partners. No financial terms were disclosed.
  • Discovery Communications (Nasdaq: DISCA) has agreed to acquire HowStuffWorks, an online source of informational online content. No financial terms were disclosed, although The Wall Street Journal pegs the amount at $250 million. HowStuffWorks has raised around $82 million in VC funding from firms like Capital Research & Management, Chilton Investment Co., Centennial Ventures, Southeast Interactive Technology Funds, Intenet.com and Chartwell Investments.
  • Alibaba.com Inc., operator of China’s largest B2B website, plans to raise up to US$1.32 billion via its Hong Kong IPO, according to Reuters. It plans to offer 858.9 million shares at between HK$10 and HK$12 per share, with Yahoo having already agreed to buy US$100 million worth.

More at PEHub.