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, which suggests it… → Read More
Chris Hughes, the Facebook co-founder who left the social networking company two years ago to head up Barack Obama’s enormously successful Web outreach campaign, is coming back to the startup world as an Entrepreneur-in-Residence at General Catalyst Partners. He will divide his time between Boston and New York. His role at the VC firm will be to work closely with young entrepreneurs and guide… → Read More