Term Sheet

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

Mergers & acquisitions

May 2, 2013: 10:29 AM ET

Deutsche Telekom has completed the $1.5 billion merger of its T-Mobile unit and MetroPCS. The combined mobile carrier now is trading on the NYSE under ticker symbol TMUS. www.metropcs.com

Barcoding Inc. of Baltimore has acquired Miles Technologies Inc., a Lake Zurich, Ill.-based provider of RFID, barcoding and warehouse management solutions. No financial terms were disclosed.www.barcoding.com

Google has led a $125 million secondary investment into Lending Club, alongside Foundation Capital. The deal will give Google a minority stake in the P2P lending marketplace, and will be done via purchases of shares from existing investors. As part of the deal, Googler David Lawee will take an observer seat on the board. Lending Club previously raised over $100 million from firms like Foundation, Canaan Partners, Norwest Venture Partners, UnionSquare Ventures, Morgenthaler Ventures and Kleiner Perkins. Read more.

IBM has ended talks about selling parts of its server business to Lenovo, as first reported yesterday by Fortune. Read more.

GenNx360 Capital Partners is seeking a buyer for Syncreon, an Auburn Hills, Mich.-based logistics company, according to Bloomberg. JPMorgan Chase and Morgan Stanley are working on the process, which could garner upwards of $1 billion. www.syncreon.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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