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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

2

'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

3

Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there

Mergers & acquisitions

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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January 16, 2013, 3:22 PM ET

ConocoPhillips (NYSE: COP) has agreed to sell its Cedar Creek Anticline oilfield properties in Montana and North Dakota to Denbury Resources Inc. (NYSE: DNR) for $1.05 billion. www.conocophillips.com

Care.com, a Waltham, Mass.-based online care marketplace, has acquired Parents in a Pinch, a Brookline, Mass.-based company that connects people with backup emergency childcare or adultcare. No financial terms were disclosed. Care.com has raised $111 million in VC funding from Matrix Partners, Institutional Venture Partners, New Enterprise Associates and Trinity Ventures. www.care.com

Symantec Corp. (NYSE: SYMC) has put its Altiris Inc. business on the block, according to Dow Jones. Symantec paid around $830 million in 2007 to acquire Altiris, which makes service-oriented management software. www.symantec.com

Advent International has sold its remaining 13% stake in Swiss airport retailer Dufry (SWX: DUFN) for approximately $477 million. Morgan Stanley served as sole bookrunner. www.adventinternational.com

Cox Enterprises has formed a $250 million fund to invest directly and exclusively in companies created by Tripp Rackley, an Atlanta entrepreneur whose past ventures have included nFront (bought by Intuit) and Firethorn (acquired by Qualcomm). The fund’s first deal is for Experience, a Rackley-founded startup that helps users upgrade their seats from their mobile device at games or live events. www.coxinc.com

YuMe Inc., a Redwood City, Calif.-based operating system for Internet-enabled televisions, has acquired Crowd Science, a San Jose, Calif.-based provider of audience targeting technologies. No financial terms were disclosed. YuMe has raised over $70 million in VC funding from firms like Accel Partners, Khosla Ventures, DAG Ventures, Menlo Ventures, Samsung Group and Translink Capital. Crowd Science backers included Granite Capital. www.yume.com

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