Fossil Jumps Into Wearables: This Week In Tech M&A

By on November 13, 2015

tumblr_nizck0mDi41slhhf0o1_1280Watches and pens are selling this week. It’s time for this week’s technology M&A report.

M&A

Watch maker Fossil (NASDAQ: FOSL) has bought Misfit, a wearable tracker and watch startup for $260 million. Misfit had raised $64.4 million from Founders Fund, Norwest, Khosla, Xiaomi and GGV Capital in a competitive space. The acquisition continues a trend of health and fitness apps and wearables being targeted by traditional non-tech brands, which we’ve covered recently. Read More

IAC/InterActiveCorp makes an unsolicited bid for Angie’s List for $8.75 per share, but the board of Angie’s List rejects the offer. Read More

After raising $68 million, Livescribe, a digital pen maker, was acquired for $15 million by Anoto. Read More

Microsoft acquires Israeli security firm Secure Island for $77.5 million. Read More

Could the Dell – EMC deal fall apart due to tax issues related to VMWare? Read More

Deliv, a same day delivery service, acquired Zipments, another company in the space. Terms weren’t disclosed. Read More

Blue Coat is buying cloud security startup Elastica for $280 million. Read More

Rumor Mill: Did ecommerce startup Wish reject a $10 billion offer from Amazon? Read More

Google has acquired Fly Labs for its video editing apps. Read More

IPOs

Four IPOs priced on Wednesday, including three biotech companies, with just one pricing below its range, compared to 85% doing so in October. Read More

Xtera Communications, an optical transport company, priced its IPO at $5 per share, raising $25 million (NASDAQ: XCOM). Read More

Meanwhile, Square, Match Group and Atlassian are planning closely watched IPOs. Square is reportedly planning to price below its last private valuation.

Atlassian filed for an IPO reporting $6.8 million in net income on $320 million in revenue for the fiscal year ending June 30, 2015. Notable: Atlassian only raised outside funding via secondary deals. Read More

Match, the owner of Match.com and Tinder, which is spinning out from IAC, plans to raise up to $466 million and would have a market cap of $3.1 billion at the middle of its range. Read More

Data

Global M&A has topped $4 trillion is now at $4.06 trillion, its highest level YTD recorded, per Dealogic. It’s up 38% from the same year-ago period in 2014. Driving this: deal sizes greater than $10 billion, which are 37% of deal volume, compared to 21% over the last five years. Technology is the leading sector with $631.7 billion, 53% higher than the previous YTD record–in 2000. Read More

In Depth

Goldman Sachs’ co-head of investment banking David Solomon, says shareholder pressure and low interest rates are sparking M&A market Read More

Tomasz Tunguz:  The exit market for software startups will be much better next year, as private and public market valuation metrics start to come closer together. Read More

Sign of the Times: Shareholders are cashing out of startups. Read More

Brett Bivens: What Talent Wants. Read More

Fidelity is marking down its private company investments–and not just Snapchat Read More

Fred Wilson: Why it’s still so hard to make it as a consumer mobile app. Read More

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