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

Trendingnow

1

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

1

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

Deals of the day: What will Comcast sell?

By
Dan Primack
Dan Primack
Down Arrow Button Icon
By
Dan Primack
Dan Primack
Down Arrow Button Icon
April 21, 2014, 11:41 PM ET

To get deals in your inbox each morning, sign up for our Term Sheet newsletter

Venture Capital Deals

AdRoll, a San Francisco-based provider of digital ad retargeting solutions, has raised $70 million in third-round funding led by existing backer Foundation Capital. New investors included Institutional Venture Partners, Northgate Capital, Performance Equity and Glenmede, while other returning shareholders included Merus Capital, Accel Partners and Peter Thiel. Read more at Fortune.

Birchbox, a New York-based monthly subscription service for curated boxes of beauty samples, has raised $60 million in Series B funding at a $485 million pre-money valuation. Viking Global Investorsled the round, and was joined by return backers First Round Capital, Accel Partners, Aspect Partners, and Consigliere Brand Capital. Read more at Fortune.

Preact, a San Francisco-based startup that helps “subscription software companies maximize customer lifetime value by reducing churn,” has raised $4.6 million in Series A funding led by Trinity Ventures.www.preact.com

Private Equity Deals

AirBNB has closed its previously-reported $475 million preferred equity investment at around a $10 billion valuation, led by TPG Capital. Other investors included Dragoneer Investment Group, T. Rowe Price and existing shareholder Sequoia Capital. www.airbnb.com 

LS Power Equity Advisors has agreed to acquire approximately 3,500 megawatts of generation resources in the Southeastern U.S. from Calpine Corp. (NYSE: CPN) for $1.57 billion in cash.www.lspower.com

RiverRock Energy LLC, a San Antonio, Texas-based provider of crude oil logistics services, has secured a $125 million equity commitment from EnCap Flatrock Midstream.www.riverrockenergyllc.com

IPOs

Four companies are expected to price IPOs this week, according to Renaissance Capital. They are:Aldeyra Therapeutics, Quotient, Scynexis and Viggle.

Chukong Holdings Ltd., a Chinese mobile entertainment platform, has filed for a $150 million IPO. It plans to trade on the Nasdaq, with Morgan Stanley, Deutsche Bank and China Renaissance serving as lead underwriters. The company reports a $14.6 million net loss on $91.6 million in 2013 revenue. Shareholders include Northern Light Venture Capital (23.7% pre-IPO stake), Steamboat Ventures (12.6%), GGV Capital (12.5%), Sequoia Capital China (8.9%) and Brightfish Investment (7.7%).www.chukong-inc.com

Zaftgen Inc., a Cambridge, Mass.-based biopharma company focused on the needs of severely obese patients, has filed for an $86.25 million IPO. It plans to trade on the Nasdaq under ticker symbol ZFGN, with Leerink Partners and Cowen & Co. serving as lead underwriters. Shareholders in the pre-revenue company include Atlas Venture (35.6% pre-IPO stake), Third Rock Ventures (35.4%), Alta Partners (7.4%) and Fidelity Investments (6%). Zafgen also announced the receipt of a $20 million term loan from Oxford Finance and MidCap Financial. www.zafgen.com

M&A

Comcast (Nasdaq: CMCSA) is in talks to sell around 3 million of its subscribers to Charter Communications (Nasdaq: CHTR), in a divestiture designed to sooth regulatory fears over its proposed $45 billion acquisition of Time Warner Cable (NYSE: TWC), as first reported by the FT.www.comcast.com

iSoftStone Holdings
 (NYSE: ISS), a Beijing-based provider of IT consulting and software services, has agreed to be taken private by chairman and CEO Tianwen Liu for $5.70 per share. 

Pfizer (NYSE: PFE) has informally approached British drugmaker AstraZeneca (LSE: AZN) about a £60 billion ($101 billion) takeover, according to the Sunday Times. Talks are not currently ongoing. www.pfizer.com

American Securities is seeking a buyer for Global Tel*Link Corp., a Mobile, Ala.-based operator of prison phones, according to the WSJ. American Securities bought GTL in 2011 for approximately $1 billion. www.gtl.net

ARRIS
 (Nasdaq: ARRS) has acquired SeaWell Networks, an Ontario-based provider of adaptive bitrate (ABR) management software, for an undisclosed amount. SeaWell had raised more than C$11 million in VC funding from such firms as BDC Venture Capital and Northwater Capital Intellectual Property Fund. www.seawellnetworks.com

Riordan, Lewis & Haden Equity Partners has sold Secure Mission Solutions, a Reston, Va.–based provider of security consulting solutions to agencies of the US government, to Pasadena, Calif.-based Parsons Corp. for an undisclosed amount. www.securemissionsolutions.com

TreeHouse Foods Inc. (NYSE: THS) has agreed to acquire Protenergy Natural Foods, an Ontario–based maker of private-label broth, soups and gravies, from Whitecastle Investments Ltd. andWhitecap Venture Partners for C$170 million. www.protenergyfoods.com

Sign up for Dan Primack’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

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • 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
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

How the World Cup is a high-stakes stage for Big Tech’s AI push
NewslettersCIO Intelligence
How the World Cup is a high-stakes stage for Big Tech’s AI push
By John KellJune 10, 2026
21 minutes ago
‘I love the inflation’: Trump is ‘not concerned’ about inflation hitting 4% for the first time since 2023. ‘The numbers were great’
EconomyDonald Trump
‘I love the inflation’: Trump is ‘not concerned’ about inflation hitting 4% for the first time since 2023. ‘The numbers were great’
By The Associated Press and Christopher RugaberJune 10, 2026
36 minutes ago
A man guides a ship in the water.
EnergyOil
Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
By Sasha RogelbergJune 10, 2026
1 hour ago
Honda recalls nearly 900,000 cars thanks to rear suspension problems
RetailHonda
Honda recalls nearly 900,000 cars thanks to rear suspension problems
By The Associated PressJune 10, 2026
1 hour ago
Anthropic accused of ‘secret sabotage’ as Claude Fable 5 silently limits capabilities for AI researchers and developers
AIAnthropic
Anthropic accused of ‘secret sabotage’ as Claude Fable 5 silently limits capabilities for AI researchers and developers
By Sharon GoldmanJune 10, 2026
2 hours ago
A 5-week course and a guaranteed job: Meta commits $115 million to solve the skilled-trades shortage stalling its AI buildout
Future of WorkMeta
A 5-week course and a guaranteed job: Meta commits $115 million to solve the skilled-trades shortage stalling its AI buildout
By Jacqueline MunisJune 10, 2026
2 hours ago

Most Popular

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military
Asia
Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military
By Kate O'Keeffe and BloombergJune 8, 2026
2 days ago
'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032
Economy
'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032
By Nick LichtenbergJune 9, 2026
1 day ago
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
Success
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
By Preston ForeJune 8, 2026
2 days ago
Current price of oil as of June 9, 2026
Personal Finance
Current price of oil as of June 9, 2026
By Joseph HostetlerJune 9, 2026
1 day ago
Wall Street dumped nearly $1 trillion in tech stocks by midday—then clawed it back and bought peanut butter and paint
Investing
Wall Street dumped nearly $1 trillion in tech stocks by midday—then clawed it back and bought peanut butter and paint
By Eva RoytburgJune 9, 2026
22 hours ago
Current price of silver as of Tuesday, June 9, 2026
Personal Finance
Current price of silver as of Tuesday, June 9, 2026
By Joseph HostetlerJune 9, 2026
1 day ago

© 2026 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.