This Week in Tech M&A—November 14th, 2014

By on November 14, 2014

highway-216090_1280Hello, happy Friday, and happy Veteran’s Day week! Here’s a roundup of news, tidbits, and data from the week in tech M&A:

Exits

Yahoo has agreed to acquire video ad company BrightRoll for a reported $640 million. Ad Age has an interesting take on why Yahoo simply had to make this deal.

Churchill Downs, which owns the Kentucky Derby, is buying Big Fish Games in a deal that could be valued at up to $885 million.

Mandalay Digital is buying mobile app marketer Appia in a deal valued at $100 million in stock, options and debt.

Microsoft acquired Israeli cloud security firm Aorato in a deal rumored to be valued at $200 million.

Media house Fullscreen acquired Austin digital studio Rooster Teeth, for an undisclosed amount.

App marketplace AppDirect acquired data visualization startup Leftronic. Terms were not disclosed.

The SunPower Corp has agreed to terms with clean energy startup SolarBridge. Terms were not disclosed, but SolarBridge had raised more than $100 million.

And in not-quite-an-exit-yet news, Funny or Die has hired a financial advisor to explore valuation and a possible sale.

Data

Tech M&A deals hit a new post-dot-com high of $73.7 billion, up 4% year-over-year, according to data released by Ernst & Young. There were 923 deals, the highest in a quarter since 2000 and 19 of the deals were larger than $1 billion–a new record for a quarter.

Venture funding continued to stay hot in Q3 2014, though not quite as scorching as in Q2, according to Fenwick & West’s quarterly report. Fundings with an “Up” round exceeded down rounds by 76% to 12% in Q3, which was down from Q2, when up rounds beat down rounds by 80% to 6%.

Interesting look at two of the week’s biggest IPOs (Hortonworks and New Relic), and the percentage of overhead covered by actual revenue of these two companies and several others.

For the entrepreneurs in the house

Satya Nadella breaks down his vision for the future of Microsoft. Not surprisingly it’s Windows, Office 365, and Azure.

A good refresher: Justin Kan of Y Combinator creates a quick guide for founders looking to sell a company.

Joseph Walla gives detailed guidelines on how to valuate your company for a seed round.

Must reads

And in case you haven’t seen it, The Oatmeal takes on Net Neutrality…as only The Oatmeal can.

Elon Musk is turning his attention to satellites.

A totally awesome, modular 3D printer that also engraves, scans, and more.

And in some epically cool news, the European Space Agency’s Rosetta mission successfully landed a probe on a comet.

Photo credit: werner22brigitte/pixabay

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