Term Sheet

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

M&A

May 25, 2012: 10:03 AM ET

Bazaarvoice Inc. (Nasdaq:BV) has agreed to acquire PowerReviews Inc., a San Francisco-based social platform for customer reviews. The deal is valued at approximately $151.9 million, including $31 million in cash. PowerReviews has raised over $37 million in VC funding, from Menlo Ventures (around 30% stake), Draper Richards, Tenaya Capital, Four Rivers Group and Woodside Fund. www.bazaarvoice.com

Delphi Automotive (NYSE: DLPH) has agreed to acquire the motorized vehicle division, a manufacturer of automotive connection systems, from FCI Group. The deal is valued at €765 million. FCI is a portfolio company of Bain Capital. www.delphi.com

NBC Universal, a unit of Comcast Corp.., is in talk to acquire Microsoft's 50% joint venture in MSNBC.com, as first reported by AdWeek. www.msnbc.com

China Auto Rental Inc.
, the largest car rental company in China, has withdrawn registration for a $300 million IPO. No explanation was provided. It had planned to trade on the NYSE under ticker symbol
CARH, with J.P. Morgan serving as lead underwriter.

Lehman Brothers Holdings has agreed to acquire the remaining 26.5% stake it doesn't already own in apartment owner Archstone from Bank of America and Barclays, for approximately $1.58 billion.

Pact Group
, a privately-held Australian packaging company, has hired Deutsche Bank to explore strategic options that could include the sale of between 20% and 30% of the company, according to Reuters. www.pactgroup.com.au

Sberbank of Russia is in exclusive talks to buy DenizBank, a Turkish subsidiary of the Dexia, for around $4 billion, according to the New York Times.

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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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