Term Sheet

The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley
  • Why the feds should block Comcast's merger with Time Warner Cable

    A merger may not raise prices in the short term but could hamper future competition.

    By Sanjay Sanghoee

    FORTUNE -- As the Supreme Court this week looks into the legality of Internet-television service Aereo, it's a good time to delve into another development that could forever reshape the future of television: the possible merger between two of the nation's biggest cable companies, Comcast (CMCSA) and Time Warner Cable (TWC).

    In February, Comcast MORE

    Apr 22, 2014 10:27 AM ET
  • Deals of the day: Botox maker gets $50 billion buyout offer

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    Venture Capital Deals

    Principia Biopharma Inc., a South San Francisco-based developer of small molecule drugs within the fields of autoimmune disease and oncology, has raised $50 million in Series B funding. Sofinnova Ventures led the round, and was joined by return backers Morgenthaler Ventures, New Leaf Venture Partners, OrbiMed, SR One and Mission Bay Capital. The company previously raised $40 MORE

    - Apr 22, 2014 10:10 AM ET
  • Deals of the day: What will Comcast sell?

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    Venture Capital Deals

    AdRoll, a San Francisco-based provider of digital ad retargeting solutions, has raised $70 million in third-round funding led by existing backer Foundation Capital. New investors included Institutional Venture Partners, Northgate Capital, Performance Equity and Glenmede, while other returning shareholders included Merus Capital, Accel Partners and Peter Thiel. Read more at Fortune.

    Birchbox, a New York-based monthly subscription service for MORE

    - Apr 21, 2014 7:41 PM ET
  • How to shrink America's income gap

    The key is to find the sweet spot where everyone has a fair chance of sharing the gains in profits and productivity.

    By Thomas A. Kochan

    FORTUNE -- What's the one thing Pope Francis, Barack Obama, Marco Rubio, and Warren Buffett all agree on? America needs to change the way it sets wages to overcome its economically and politically unsustainable levels of income inequality.

    The question is how? Let's start with some MORE

    Apr 21, 2014 11:53 AM ET
  • AdRoll raises $70 million as its expands 'retargeting' into mobile

    AdRoll has tripled its revenue run rate over the past 15 months, now at an IPO-able $150 million.

    FORTUNE -- Ad tech isn't sexy, but it still can generate a lot of venture capital dollars. Case in point is AdRoll, which this morning is announcing $70 million in new funding led by existing shareholder Foundation Capital.

    AdRoll is a San Francisco-based company founded in 2007 to focus on digital ad "retargeting," a MORE

    - Apr 21, 2014 7:26 AM ET
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  • Spectrum Equity Investors raising new fund

    Boston-based private equity firm plans to seek around $800 million for its seventh fund.

    FORTUNE -- Boston-based private equity firm Spectrum Equity Investors is heading back to market to raise its seventh fund, Fortune has learned. The target is $800 million with a $1 billion hard cap, although formal marketing documents have not yet been printed.

    The firm focuses on "information economy" companies, including within the software, information services, communications and media sectors.

    Spectrum last closed MORE

    - Apr 20, 2014 1:56 PM ET
  • The rise of leveraged loans

    Collateralized loan obligations are not inherently bad investments. But demand for yield has led to a reduction in the quality of loans behind them, and the result may be rather ugly.

    By Cyrus Sanati

    FORTUNE -- Last week I wrote a piece for Fortune.com titled "Collateralized loan obligations: Our next financial nightmare," which was met with a wave of criticism from certain parts of the banking industry. Of all the shattered vehicles MORE

    Apr 18, 2014 5:44 PM ET
  • Why you should pay off your car loan ASAP

    You may not save a huge amount on interest, but you'll free up cash in your budget every month.

    By Jean Chatzky

    FORTUNE -- Let's say you have an extra few thousand dollars -- maybe from a tax refund, a bonus, or some other quick windfall. How can you best put it to use?

    There are a lot of options, and high-interest rate debt goes on top of the pile. But MORE

    Apr 18, 2014 1:40 PM ET
  • Tucker Twitmyer leaves EnerTech Capital

    Energy-focused venture capitalist joins Franklin Square Capital.

    FORTUNE -- Tucker Twitmyer has left energy-focused venture capital firm EnerTech Capital Partners after a 10-year run, Fortune has learned. His next stop will be as a senior vice president with alternative investment management firm Franklin Square Capital Partners.

    Twitmyer was one of four partners listed on EnerTech's fourth fund, which closed last September with $120 million in capital commitments. He also was one of the few MORE

    - Apr 18, 2014 12:53 PM ET
  • VC investment hits 13-year high

    Venture capitalists invested $9.5 billion last quarter, the highest total since the dotcom doom's waning days.

    FORTUNE -- No, it isn't your imagination: Venture capitalists are investing money at a faster clip than in any time since the final days of the dotcom boom.

    VCs pumped $9.5 billion into 951 U.S.-based companies last quarter, which was the most money invested in any quarter since Q2 2001, according to MoneyTree survey data published MORE

    - Apr 18, 2014 12:28 PM ET
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