December 21, 2011, 8:01 PM UTC

Tokio Marine has agreed to acquire U.S. insurance company Delphi Financial Group (NYSE: DFG) for $2.7 billion, or nearly $43.88 per Class A share (73% premium to Tuesday’s closing price).

Microsoft has agreed to sell online shopping guide Ciao to LeGuide.com. No financial terms were disclosed.

Safely, a unit of Emeryville, Calif.-based Location Labs, has acquired the assets of Seeker Wireless, an Australian provider of location solutions to mobile operators. No financial terms were disclosed. Location Labs has raised over $25 million in VC funding from firms like Intel Capital, BlueRun Ventures, British Telecom, Mitsui & Co., Draper Fisher Jurvetson and Qualcomm Ventures. Seeker had raised around $27 million in VC funding from firms like Unigestion. www.locationlabs.com

TMX Group, operator of the Toronto Stock Exchange, has acquired a 16% stake in the Bermuda Stock Exchange for an undisclosed amount.

Nuance Communications Inc. (Nasdaq: NUAN) has agreed to acquire Vlingo Inc., a Cambridge, Mass.-based maker of speech recognition software that delivers a voice interface for mobile applications. No financial terms were disclosed. Vlingo has raised around $26 million in VC funding from Charles River Ventures, Sigma Partners and Yahoo. www.vlingo.com
Takeda Pharmaceutical Co. (Tokyo: 4502) has agreed to acquire Inellikine Inc., a La Jolla, Calif.-based oncological drug company. The deal is valued at upwards of $310 million, including a $190 million upfront payment and up to $120 million in potential clinical development milestone payments. Intellikine has raised $41 million in VC funding from Abingworth, CMEA Capital, Novartis Bioventures, U.S. Venture Partners, Biogen Idec, FinTech Global Capital and Sofinnova Ventures. www.intellikine.com

HSBC has agreed to sell its Japanese private banking unit, which reported $2.7 billion in gross assets through the end of October, to Credit Suisse. No sale price was disclosed. www.hsbc.com

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