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AI CEOs from OpenAI, Anthropic, and Microsoft set aside their rivalry to warn Congress AI is making it too easy to design and create bioweapons

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MacKenzie Scott's approach to her $26 billion giving spree was inspired by a book she read in college about writing

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Social Security faces a 24% cut in 2032—that's a $345 billion hit to retirees nationwide, watchdog says

1

AI CEOs from OpenAI, Anthropic, and Microsoft set aside their rivalry to warn Congress AI is making it too easy to design and create bioweapons

2

MacKenzie Scott's approach to her $26 billion giving spree was inspired by a book she read in college about writing

3

Social Security faces a 24% cut in 2032—that's a $345 billion hit to retirees nationwide, watchdog says

M&A

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
December 27, 2011, 3:45 PM ET

Alexion Pharmaceuticals Inc. (Nasdaq: ALXN) has agreed to acquire Enobia Pharma Inc., a Montreal-based developer of therapeutics for serious bone disorders, for up to US$1.08 billion in cash. The deal includes a $610 million up-front payment and up to $470 million in milestone-based earnouts. Enobia has raised over $130 million in VC funding, from firms like CTI Life Sciences Fund, Desjardins Venture Capital, Kirchner Investment Management Corp., OrbiMed Advisors, T2C2 and The Solidarity Fund QFL.www.enobia.com

Groupon (Nasdaq: GRPN) has acquired stealthy social networking startup Campfire Labs, according to TechCrunch. No financial terms were disclosed. Campfire Labs backers include SV Angel.www.groupon.com

Call Genie (TSX: GNE) has acquired VoodooVox, a Williamstown, Mass.-based provider of demographics analytics on phone numbers. The deal is valued at just under $3 million in cash and stock. VoodooVox had raised over $14 million in VC funding from Apax Partners, Berkshire Capital Investors, Steamboat Ventures, Softbank Capital and Village Ventures. www.callgenie.com

ACE Ltd. (NYSE: ACE) has acquired Ecuadoran non-life insurance company Rio Guayas Compania de Seguros y Reaseguros from Banco de Guayaquil for approximately $55 million. www.acegroup.com

BGS Acquisition Corp., an Argentina-based blank check acquisition company, has filed for a $45 million IPO. It plans to trade on the Nasdaq, with PrinceRidge serving as lead underwriter. Company management includes CEO Cesar Baez, founder and managing partner of Centinela Capital Partners. Directors include Alan Menkes, chief investment officer at G2 Investment Group.

Citigroup has agreed to sell its Belgian retail business, including its credit card and consumer loan activities, to Credit Mutuel Nord Europe. No financial terms were disclosed. www.citi.com

WEDNESDAY, DECEMBER 28

Deutsche Boerse and NYSE Euronext have extended the deadline to complete their $9 billion merger from December 31 to March 31, following pushback from European regulators.

ING Groep has abandoned plans to sell its Belgian insurance business, according to Reuters. Instead, the business will be grouped into ING’s European and Asian unit, which is prepping for a public floation. The Belgian unit is believed to be worth between €500 million and €750 million.

Newbridge Capital has sold a 3.45% stake in Taishin Financial to Cathay Financial for approximately $155 million (74% premium to Tuesday’s closing price).

Ventas Inc. (NYSE: VTR) has agreed to acquire fellow healthcare property company Cogdell Spencer Inc. (NYSE: CSA) for up to $770 million (including assumed debt), or $4.25 per share (8% premium to last Friday’s closing price). Centerview Partners and Morgan Stanley are advising Ventas, while Citi is advising Cogdell Spencer. www.ventasreit.com

TUESDAY, DECEMBER 27

Endeavour International Corp. (NYSE: END) has agreed to acquire ConocoPhillips’ (NYSE: COP) stakes in three British oilfields in the Central North Sea for $330 million.

Kyocera (NYSE: KYO) has agreed to acquire Optrex, a Japanese maker of LCD panels, for approximately $256 million. www.kyocera.com

Mercury Computer Systems (Nasdaq: MRCY) has agreed to acquire KOR Electronics Inc., a Cypress, Calif.-based maker of digital radio frequency memory units for electronic warfare applications. The deal, which includes KOR’s Paragon Dynamics subsidiary, is valued at $70 million in cash. Sellers includeNew Enterprise Associates. www.korelectronics.com

Tealeaf, a San Francisco–based provider of online customer experience management solutions, has acquired Overstat, a San Francisco-based provider of cloud-based website usability analytics. No financial terms were disclosed. Tealeaf shareholders include Bay Partners, Matrix Partners and Foundation Captial. www.tealeaf.com

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