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After 40 investors rejected Jeff Bezos’ Amazon pitch, his parents offered $245,573 of their retirement savings

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D.C.'s affordability headache has a silver bullet, new study shows: Tackling $40 trillion national debt would boost household income by $36,000

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China now makes up a record 40% of all global container exports—and it’s a sign Trump’s tariffs meant to punish Chinese firms have fallen flat

1

After 40 investors rejected Jeff Bezos’ Amazon pitch, his parents offered $245,573 of their retirement savings

2

D.C.'s affordability headache has a silver bullet, new study shows: Tackling $40 trillion national debt would boost household income by $36,000

3

China now makes up a record 40% of all global container exports—and it’s a sign Trump’s tariffs meant to punish Chinese firms have fallen flat

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By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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May 2, 2012, 1:55 PM ET
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Allot Communications Ltd. (Nasdaq: ALLT) has agreed to acquire Ortiva Wireless, a La Jolla, Calif.-based provider of mobile video optimization solutions. No financial terms were disclosed. Ortiva Wireless has raised over $11 million in VC funding, from firms like Intel Capital, Comcast Interactive Capital, Artiman Ventures and Mission Ventures. www.ortivawireless.com

Ascena Retail Group Inc. (Nasdaq: ASNA) has agreed to acquire Charming Shoppes Inc. (Nasdaq: CHRS), a retailer of women’s plus-size apparel under the Lane Bryant brand, for around $890 million in cash, or $7.35 per share. www.ascenaretail.com

GREE (Tokyo: 3632) has acquired Funzio Inc., a San Francisco-based developer of action games for Facebook and mobile devices. The deal was valued at $210 million. Funzio had raised $20 million from IDG Ventures (San Francisco) and IDG Capital Partners (China). www.funzio.com

Intact Financial Corp. (TSX: IFC), a Canadian property and casualty insurer, has agreed to buy Jevco Insurance Co. from Westaim Corp. (TSX: WED) for C$530 million. www.intactfc.com

Microchip Technology Inc. (Nasdaq: MCHP) has agreed to acquire Standard Microsystems Corp.(Nasdaq: SMSC) for approximately $939 million (including around $173 million of SMSC balance sheet assets). www.microchip.com

Matrix Private Equity Partners
 has sold Camwood Ltd., a UK-based provider of application migration and portfolio management solutions, to company management. No financial terms were disclosed.www.camwood.com

Winona Capital Management has sold Dragon Alliance LLC, a Carlsbad, Calif.-based eyewear maker focused on the action sports marker, to Marchon Eyewear Inc. No financial terms were disclosed.www.dragonalliance.com

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By Dan Primack
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