Term Sheet

The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley

M&A

February 24, 2012: 9:35 AM ET

Apple has acquired Chomp, a San Francisco-based app search startup, for approximately $50 million. The deal was first reported by TechCrunch. Chomp had raised under $3 million in VC funding from groups like SV Angel, Felicis Ventures and BlueRun Ventures. www.chomp.com

Kenneth Cole Productions (NYSE: KCP) has received a $15 per share take-private offer from company chairman and founder Kenneth Cole, who currently holds a 47% ownership stake. The deal represents a 15% premium to yesterday's closing stock price, and would value the total clothing and accessories company at around $280 million. www.kennethcole.com

Mead Johnson and Danone are partnering on a bid for Pfizer's infant nutrition unit, putting them in according to Reuters. The deal is expected to be worth around $10 billion, with Nestle also expected to make an offer. www.pfizer.com

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About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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