7-Eleven Inc. has agreed to acquire the retail and wholesale assets of TETCO Inc., a San Antonio, Texas-based convenience and gas station operator. No financial terms were disclosed. www.tetco.com
Ebix Inc. (Nasdaq: EBIX) has agreed to acquire TriSystems Ltd., a UK online insurance trading hub. No financial terms were disclosed. www.ebix.com
GlaxoSmithKline PLC (LSE: GSK) has agreed to sell the majority of its “Classic Brands” portfolio in Australia to South Africa’s Aspen Global Inc. for approximately £172 million in cash. www.gsk.com
KPN, a Dutch telecom company, has canceled the proposed $2.1 billion sale of its Belgian mobile business after not receiving adequate bids, according to Reuters.
Liberty Media (Nasdaq: LMCA) has acquired 90 million shares of Sirius XM Radio Inc. (Nasdaq: SIRI) for approximately $225 million, thus bringing its ownership stake in the satellite radio operator up to around 48%. www.libertymedia.com
uTest, a Southborough, Mass.-based operator of a software testing marketplace, has acquired mobile app quality tools maker Apphance from Poland’s Polidea. No specific financial terms were disclosed for the “seven figure deal.” UTest has raised around $37 million in VC funding from QuestMark Partners, Scale Venture Partners, Longworth Venture Partners, Egan-Managed Capital and Mesco Ltd. www.utest.com
Intervale Capital has sold Ulterra Drilling Technologies to ESCO Corp. for $325 million in cash. Ulterra is a Fort Worth, Texas-based maker and renter of matrix and steel-body polycrystalline diamond compact bits and drilling optimization tools for the oil and gas market. www.escocorp.com
Global Payments Inc. (NYSE: GPN) has agreed to acquire Accelerated Payment Technologies from Great Hill Partners for $413 million in cash. APT is a Pleasant Grove, Utah–based provider of payment solutions for small to medium sized merchants producing approximately $8 billion in annual card volume. www.acceleratedpay.com
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