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
For more TechCrunch Analysis, check out the Q3 09 Trends Report here.
Which venture capitalists had the most exist last quarter? A peek at Crunchbase data shows that Accel Partners, Benchmark Capital, Foundation Capital and New Enterprise Asosciates all recorded at least three exits by acquisition in Q3 2009.
The four firms were all also among the ten most active investors in CrunchBase in the… → Read More
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 Marvel… → Read More