Mergers & acquisitions

Shire PLC (LSE: SHP) has agreed to acquire SARcode Bioscience Inc., a Brisbane, Calif.-based ophthalmic biopharmaceutical company. The deal includes a $160 million upfront payment plus undisclosed milestone payments. SARcode has raised around $73 million in VC funding from Alta Partners, Clarus Ventures, Rho Ventures and Sofinnova Ventures.

Yahoo (Nasdaq: YHOO) has agreed to acquire Summly, a mobile app for simplifying content consumption. No financial terms were disclosed. Summly backers included Horizons Ventures.

Apple (Nasdaq: AAPL) has acquired WiFiSlam, a Palo Alto, Calif.–based indoor GPS startup, for a reported $19.5 million in cash and stock.

PolyOne Corp.
(NYSE: POL) has agreed to sell its base resin assets to Mexichem for $250 million in cash.

Tibco Software (Nasdaq: TIBX) has acquired Maporama Solutions, a French provider of location intelligence and geospatial analytics solutions. No financial terms were disclosed.

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