• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

M&A and IPOs

By
Dan Primack
Dan Primack
Down Arrow Button Icon
By
Dan Primack
Dan Primack
Down Arrow Button Icon
June 12, 2013, 2:11 PM ET

Google (Nasdaq: GOOG) has officially acquired social mapping app-maker Waze for more than $1 billion. Earlier reports had Facebook also interested in acquiring the company. Israel-based Waze had raised over $65 million in VC funding from BlueRun Ventures, Magma Venture Partners, Vertex Venture Capital, Horizon Ventures and Kleiner Perkins Caufield & Byers.www.waze.com

Apollo Tyres Ltd., a listed Indian tire-maker, has agreed to acquire Cooper Tire & Rubber Co.(NYSE: CTB) for approximately $2.5 billion, or $35 per share in cash (42.5% premium to yesterday’s closing price). www.coopertire.com

Cenovus Energy
 (TSX: CVE) has agreed to sell its Saskatchewan Bakken oil field assets to Surge Energy Inc. (TSX: SGY) for C$240 million. The deal is expected to close next month.www.cenovus.com

Pandora Media
 (NYSE: P) has acquired KXMZ-FM, a terrestrial radio station in Grand Rapids, S.D. No financial terms were disclosed. www.pandora.com

Vodafone (LSE: VOD) has approached German cable operator Kabel Deutschland (DB: KD8) about an acquisition that could be valued north of €7 billion, according to Reuters. www.vodafone.com

European Capital has sold German furnace manufacturer Metall Technologie Holding GmbH toLOI Thermprocess GmbH, a subsidiary of Tenova SpA. No financial terms were disclosed. www.mth-group.com

Milestone Partners
 has sold Mariner Finance LLC, a Baltimore-based provider of consumer installment loans operating in 57 branches, to an undisclosed investment group. No financial terms were disclosed. www.milestonepartners.com

Salesforce.com
 (NYSE: CRM) has agreed to acquire EdgeSpring, a San Mateo, Calif.–based provider of enterprise business intelligence and analytics solutions. No financial terms were disclosed. EdgeSpring has raised $11 million from Kleiner Perkins Caufield & Byers and Lightspeed Ventures.www.edgespring.com

Tibco Software (Nasdaq: TIBX) has acquired StreamBase Systems, a Lexington, Mass.-based provider of complex event processing software solutions. No financial terms were disclosed. StreamBase had raised around $32 million in VC funding from Accel Partners, Bessemer Venture Partners, Highland Capital Partners, Battery Ventures and In-Q-Tel. www.streambase.com

Gigamon LLC, a Milpitas, Calif.-based provider of network traffic management solutions, raised $128 million in its IPO. The company priced 6.75 million shares at $19 per share ($18-$20 range), for an initial market cap of approximately $560 million. The company plans to trade on the NYSE under ticker symbol, while Goldman Sachs, BoA Merrill Lynch and Credit Suisse served as co-lead underwriters. Gigamon reports nearly around $7.5 million of net income on $96 million in revenue for 2012, compared to $17 million of net income on $68 million in revenue for 2011. Shareholders include Highland Capital Partners (33% pre-IPO stake). www.gigamon.com

Esperion Therapeutics Inc., a Plymouth, Mich.-based developer of oral low-density lipoprotein cholesterol lowering drugs, has set its IPO terms to 4.5 million common shares being offered at between $13 and $15 per share. It would have an initial market cap of nearly $200 million, were it to price in the middle of its offering range. The company plans to trade on the Nasdaq under ticker symbol ESPR, with Credit Suisse and Citigroup serving as lead underwriters. Esperion has raised around $33 million in VC funding from firms like Alta Partners (21.8% pre-IPO stake), Aisling Capital (21.8%), Domain Associates (21.8%), Longitude Capital (20%) and Arboretum Ventures (6.8%).www.esperion.com

Sign up for Dan’s daily email newsletter on deals and deal-makers: GetTermSheet.com

About the Author
By Dan Primack
See full bioRight Arrow Button Icon

Latest in

CryptoBinance
Binance has been proudly nomadic for years. A new announcement suggests it’s finally chosen a headquarters
By Ben WeissDecember 7, 2025
4 hours ago
Big TechStreaming
Trump warns Netflix-Warner deal may pose antitrust ‘problem’
By Hadriana Lowenkron, Se Young Lee and BloombergDecember 7, 2025
8 hours ago
Big TechOpenAI
OpenAI goes from stock market savior to burden as AI risks mount
By Ryan Vlastelica and BloombergDecember 7, 2025
8 hours ago
InvestingStock
What bubble? Asset managers in risk-on mode stick with stocks
By Julien Ponthus, Natalia Kniazhevich, Abhishek Vishnoi and BloombergDecember 7, 2025
8 hours ago
EconomyTariffs and trade
Macron warns EU may hit China with tariffs over trade surplus
By James Regan and BloombergDecember 7, 2025
8 hours ago
EconomyTariffs and trade
U.S. trade chief says China has complied with terms of trade deals
By Hadriana Lowenkron and BloombergDecember 7, 2025
8 hours ago

Most Popular

placeholder alt text
Real Estate
The 'Great Housing Reset' is coming: Income growth will outpace home-price growth in 2026, Redfin forecasts
By Nino PaoliDecember 6, 2025
2 days ago
placeholder alt text
AI
Nvidia CEO says data centers take about 3 years to construct in the U.S., while in China 'they can build a hospital in a weekend'
By Nino PaoliDecember 6, 2025
2 days ago
placeholder alt text
Economy
The most likely solution to the U.S. debt crisis is severe austerity triggered by a fiscal calamity, former White House economic adviser says
By Jason MaDecember 6, 2025
1 day ago
placeholder alt text
Economy
JPMorgan CEO Jamie Dimon says Europe has a 'real problem’
By Katherine Chiglinsky and BloombergDecember 6, 2025
1 day ago
placeholder alt text
Big Tech
Mark Zuckerberg rebranded Facebook for the metaverse. Four years and $70 billion in losses later, he’s moving on
By Eva RoytburgDecember 5, 2025
3 days ago
placeholder alt text
Politics
Supreme Court to reconsider a 90-year-old unanimous ruling that limits presidential power on removing heads of independent agencies
By Mark Sherman and The Associated PressDecember 7, 2025
16 hours ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.