Exit watch, week of May 31, 2010

Google gets OK on AdMob deal

U.S. antitrust regulators gave Google Inc. approval to buy mobile advertising rival AdMob, after months of delay and rumor that Google was headed for a court fight with government officials over the transaction.

The Federal Trade Commission said earlier this month that it was concerned that two top mobile advertising networks were combining, but said Apple Inc.’s entry into the market would mitigate the effects of the Google/AdMob powerhouse. During the FTC’s review of the merger, Apple acquired the third largest mobile ad network, Quattro Wireless. The FTC said it believed Apple would quickly become a strong mobile advertising network competitor.

In November, Google announced it has agreed to buy AdMob, a San Mateo, Calif.-based mobile advertising marketplace, for $750 million in stock. AdMob raised more than $46 million in VC funding from Accel Partners, Sequoia Capital and DFJ Growth Fund.

Google buys Simplify Media

last week acquired Simplify Media, a Redwood City, Calif.-based maker of software that lets users stream music from online libraries to other devices. No financial terms were disclosed. Simplify Media had raised VC funding from Sierra Ventures.

Lexmark buys Perceptive for $280M

(NYSE: LXK) has agreed to acquire Perceptive Software, a Shawnee, Kan.-based maker of enterprise content management software for about $280 million in cash. Perceptive generated $84 million in 2009 revenue, and has raised more than $20 million in VC funding from Morgan Stanley Venture Partners and Peninsula Ventures.

Cisco obtains CoreOptics

Cisco has agreed to acquire CoreOptics, a San Jose, Calif.-based maker of optical networking subsystems, for about $99 million in cash. CoreOptics had raised more than $90 million in VC funding from T-Com Venture Fund, GIMV, Crescendo Ventures, TVM Capital, High Tech Private Equity, Atila Ventures and Quest for Growth.

Mindspark gobbles up DailyBurn

, a unit of IAC, has acquired a majority stake in DailyBurn, which operates a fitness social networking site. No financial terms were disclosed. DailyBurn had raised about $525,000 in seed funding from FF Angel LLC, StumbleUpon’s Garrett Camp and author Tim Ferriss.

Zynga makes play for XPD

has acquired Beijing-based social gaming company XPD Media. No financial terms were disclosed. XPD Media had more than over $2 million from True Ventures and Pilot House Ventures. Zynga is also venture-backed, having raised about $240 million from Digital Sky Technologies, Andreessen Horowitz, Tiger Global, Institutional Venture Partners, Kleiner Perkins Caufield & Byers, Union Square Ventures, Foundry Group and Avalon Ventures.

McAfee purchases Trust Digital

McAfee Inc. (NYSE:MFE) has agreed to acquire Trust Digital, a McLean, Va.-based provider of enterprise mobility management solutions. No financial terms were disclosed. Trust Digital raised VC funding from Summerhill Venture Partners, Fairhaven Capital, Core Capital Partners, Avansis Ventures, MMV Financial and Square 1 Bank.

Lightower lassos Veroxity

, a Boxborough, Mass.-based metro fiber network and bandwidth service provider, has acquired Veroxity Holdings Inc., a Bedford, Mass.-based provider of mission critical optical data networks. No financial terms were disclosed. Lightower Fiber has raised nearly $60 million from M/C Venture Partners, Pamlico Capital and Wachovia Capital Associates. Veroxity had raised money from Banc of America Capital Investors.

Teradata buys Xkoto

(NYSE: TDC) has acquired Xkoto Inc., a Waltham, Mass.-based provider of data virtualization technology. No financial terms were disclosed. Xkoto had raised $13 million in VC funding from GrandBanks Capital and GrowthWorks Canadian Fund.

C. R. Bard scoops FlowCardia

(NYSE: BCR) has acquired FlowCardia Inc., a Sunnyvale, Calif.-based developer of endovascular devices, according to VentureWire. The deal is worth about $80 million. FlowCardia had raised more than $42 million in VC funding from Gilde Healthcare Partners, Life Sciences Partners, H&Q Capital Management, New Science Ventures, Rockport Venture Partners, Gold Hill Capital, Frazier Healthcare Ventures, JPMorgan Partners and Pappas Ventures.

MEMC acquires Solaicx

(NYSE: WFR) has agreed to acquire Solaicx Inc., a Santa Clara, Calif.-based maker of silicon wafers for photovoltaic panels. The deal is valued at $66 million in cash, plus up to another $10 million based on incoming investment. Solaicx has raised more than $50 million in VC funding from D.E. Shaw, Applied Ventures, Big Sky Ventures, Firsthand Capital Management, Labrador Ventures and Greenhouse Capital Partners.