News & Updates - Wednesday, May 23, 2007
German Affiliate Marketers Zanox Sold For €214.9M And Other Fresh Deals
Investments
+ RICHARDSON, TX Navini Networks has raised $50M in Series F (Portable wireless broadband networking)
+ CARROLTON, TX Intechra Holding has raised $30M in fourth-round funding. (IT asset disposition)
LOS ANGELES, CA Mojix has raised around $16M in Series B (Digital signal processing products for sensory networks)
+ SAN FRANCISCO, CA Rooftop Media has raised $2.5M in Series A funding led by Azure Capital Partners (Comedy site at RooftopComedy.com)
M&A
+ BERLIN, GERMANY Zanox sold for €214.9M to Swiss PubliGroupe and German media company Axel Springer (Affiliate marketing)
+ NEEDHAM, MA and PENNINGTON, NJ Expedia's TripAdvisor (Nasdaq: EXPE) has acquired The Independent Traveler which publishes Cruise Critic and IndependentTraveler.com (Online Media)
+ PARIS, FRANCE <strong>Business Objects (Nasdaq: BOBJ) has bought Inxight Software. No financial terms were disclosed for the deal, which is expected to close in July. Inxight has raised over $50M (Enterprise software solutions for unstructured information discovery)
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