BBN Technologies

  • Price Revealed For BBN Deal: $350 Million

    Price Revealed For BBN Deal: $350 Million

    In September, defense contractor Raytheon announced an agreement to purchase R&D innovator BBN Technologies, but didn’t say for how much. Today, the deal closed and the price came out. It is $350 million. Investors Accel Partners and General Catalyst Partners, who co-led a management buyout in 2004, made out very nicely. Accel says that its cut was more than $100 million… Read More

  • Jim Breyer's Midas Touch.  Two Acquisitions in 24 Hours (Marvel And BBN)

    Jim Breyer's Midas Touch. Two Acquisitions in 24 Hours (Marvel And BBN)

    Investor Jim Breyer of Accel Partners is having a very good day. In the past 24 hours, two companies where he is an investor and board member have been acquired for big bucks: Marvel Entertainment, which was bought yesterday by Disney for $4 billion, and BBN Technologies, which was bought this morning by defense contractor Raytheon for an undisclosed amount. Breyer invested personally in… Read More