Term Sheet

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

Mergers & acquisitions

April 3, 2013: 10:05 AM ET

Cisco Systems (Nasdaq: CSCO) has acquired Ubiquisys, a UK-based developer of 3G and LTE small cells. The deal is valued at $310 million in cash and employee retention incentives. Ubiquisys had raised around $64 million in VC funding from 5CCG/Sallfort Privatbank AG, Accel Partners, Advent Venture Partners, Atlas Venture, Yasuda, Mobile Internet Capital and Nissay Capital. www.ubiquisys.com

BP (LSE: BP) is seeking to sell its U.S. wind farm operations for upwards of $1.5 billion, according to Reuters. www.bp.com

News Corp. (Nasdaq: NWSA) is exploring the sale of a community newspaper group formerly known as Ottaway, according to the WSJ. Waller Capital is managing the process, which mostly involves community papers on the East Coast. www.newscorp.com

Rio Tinto PLC
 has hired Deutsche Bank to find buyers for control stakes in two Australian coal mines, according to the WSJ. www.riotinto.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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