S&P Global Market Intelligence provides a wrap-up of U.S. companies' media and communications deal announcements and completions from June 4 to June 8.
* Rakuten Inc. acquired Palo Alto-based technology firm Curbside Inc., according to a June 8 announcement. Curbside is a location-centric mobile commerce platform that connects stores and restaurants with mobile customers. It uses predictive arrival technology to streamline order fulfillment.
* Milestone Partners LLC said June 6 that it led the acquisition of mTAB LLC, a provider of database services and cloud-based data analytics platforms for enterprise clients. Milestone Partners is a private equity firm that partners with management to invest in leveraged buyouts and recapitalizations of lower middle market businesses with a focus on the tech-enabled solutions, financial services and tech-driven manufacturing sectors.
* FullCircle Registry Inc. signed a merger agreement with Galaxy Next Generation Inc., under which Galaxy shareholders will transfer all the outstanding shares of Galaxy common stock to FullCircle unit Galaxy MS Inc. In return, FullCircle will transfer shares of its common stock to Galaxy shareholders sufficient to provide them with an 89% ownership interest in FullCircle. Upon completion, Galaxy will become a wholly owned subsidiary of FullCircle, according to a June 7 SEC filing. Galaxy Next Generation Inc. is a U.S. distributor of interactive learning technology hardware and software.
* Cloud-services platform operator Pareteum Corp. agreed to buy enterprise software-developer Artilium PLC in a cash-and-stock transaction that valued Artilium's equity at about £78.0 million, or $104.7 million, the companies said June 7. The boards of both companies approved the deal, which extends Pareteum's geographic footprint in Europe. Under the terms of the deal, Artilium shareholders will be entitled to receive 0.1016 share of Pareteum's common stock and 1.9 pence in cash for each ordinary share of Artilium. The deal's £78.0 million equity value includes a per-value value of 19.55 pence for each of Artilium's shares. Upon completion of the deal, Pareteum's stockholders will hold about 64.86% of the combined company's fully diluted stock, and Artilium's shareholders will hold about 35.14%. The transaction is expected to close in September, pending shareholder and regulatory approvals.
* Leaf Group Ltd. on June 5 acquired 100% of the issued and outstanding membership interests of Well+Good LLC, a lifestyle and news publication devoted to the wellness scene. The purchase price was $10.0 million in cash, subject to customary transaction adjustments, of which $750,000 was held back by the company to secure post-closing indemnification obligations of the sellers and post-closing adjustments to the purchase price, according to a Form 8-K filed June 6. Any remaining portion of the holdback amount that is not subject to then-pending claims will be paid on the 12-month anniversary of the closing of the acquisition.
* Thoma Bravo LLC said June 4 that it closed the sale of PowerPlan Inc., a provider of corporate performance management software for companies in asset-intensive industries, to Roper Technologies Inc. for $1.1 billion. Thoma Bravo is a private equity firm focused on the software and technology-enabled services sectors.
* Cybersecurity software developer Fortinet Inc. completed its acquisition of Bradford Networks Inc. for an initial consideration of $17 million, net of cash acquired and subject to certain adjustments. According to a regulatory filing, Fortinet may pay an additional $2 million in cash consideration as an earn-out that is subject to the satisfaction of certain performance conditions. The addition of Bradford Networks, a company that develops network access control solutions, will help enhance the Fortinet Security Fabric product, Fortinet said in a press release.
* Microsoft Corp. struck a $7.5 billion all-stock deal to acquire software development platform GitHub Inc. The developer-focused GitHub will be part of Microsoft's Intelligent Cloud segment after the deal closes, which is expected to occur by the end of calendar year 2018. The companies said June 4 they expect the deal will bring GitHub to more enterprise users and expand Microsoft's developer tools and services to new audiences.
