Motif is an investment ideas platform that has raised $25 million in Series C funding. The company starts by finding an investment idea, analyzes stocks related to the idea, weighs up to 30 stocks to form a motif, and sells each motif for $9.95.
Goldman Sachs Group Inc. Posts
Acquia is a company that is known for providing products, services, and technical support to enterprise users of Drupal. Acquia has raised $30 million in funding led by Investor Growth Capital. Goldman Sachs and Accolade Partners also participated in this round. Previous investors that joined include North Bridge Venture Partners, Sigma Partners and Tenaya Capital. Acquia has raised a total of $68.5 million in funding. Jose Suarez of Investor Growth Capital has joined Acquia’s board of directors after the funding.
Music streaming website Spotify has raised $100 million in funding at a $3 billion valuation. As part of the investment Coca-Cola will become a minor investor in the company. Of the $100 million round of funding, half of it is from Goldman Sachs and 10% of it is from Coca-Cola. Fidelity Investments put in about 15% of this investment round and the other investors are from the company’s existing investors. Coca-Cola and Spotify also have some kind of marketing partnership in place.
Riverbed Technology announced today that they are planning to acquire Opnet Technologies for $993.3 million in cash and stock. The acquisition will help Riverbed optimize their software on corporate networks. Riverbed will pay $36.55 in cash and 0.2774 of a share for each Opnet share. This is a 34% premium to Opnet’s closing price on Friday.
Bain Capital has acquired Apex Tool Group for $1.6 billion. Apex Tool Group is a company that makes hand and power tools.
Facebook is reducing their $3 billion credit line due to a decline in their tax liabilities according to a source with Bloomberg. Facebook will be extending the term of their loan to three years from one year as well. Facebook was able to secure a $3 billion 364-day bridge loan to help fund taxes for employees that exercised their restricted stock units. They also set up a $5 billion five-year revolving line of credit before their IPO in May. Facebook’s tax liabilities are much lower than expected because the value of their stock dropped 45% since the IPO. The credit financing was set up by banks like JPMorgan Chase & Co., Morgan Stanley, and Goldman Sachs Group. [BusinessInsider]
Loren Feldman, an editor of Small Business at New York Times Digital, wrote a great article in The New York Times about how Janet and Jim Baker are fighting Goldman Sachs over a deal that went wrong in 2000. Back in 2000, the board of directors approved a sale of Dragon Systems for the price of $580 million. The investment bankers at the acquiring company Lernout & Hauspie sent a bottle to the CEO of Dragon to congratulate them, but they did not hear from their own banker Goldman Sachs.
Palo Alto Networks has filed a statement to go public with the SEC this morning. They expect the price of the IPO to be at between $34-$37 per share. Palo Alto Networks plans to sell 6.2 million shares including the 1.5 million from selling holders.