M&A Deal Summary
|Sector||Internet Software and Services|
|Buyer(s)||Verizon Communications, Inc.|
|Deal Type||Add-on Acquisition|
|Deal Value||4.8B USD|
|Advisor(s)||Goldman Sachs Investment Banking Division
J.P. Morgan Securities LLC (Financial)
Skadden, Arps, Slate, Meagher & Flom LLP
Weil Gotshal & Manges LLP
Wilson Sonsini Goodrich & Rosati (Legal)
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Verizon is a provider of communications, information, and entertainment products and services to consumers, businesses and governmental agencies. Verizon offers voice, data and video services and solutions on wireless and wireline networks that are designed to meet customers’ demand for mobility, network connectivity, security and control. Verizon dates back to 1983 and is based in New York City. Verizon was founded in 1983 and is based in New York, New York.
|Overall||18 of 34|
|Sector (Internet Software and Services)||3 of 6|
|Type (Add-on Acquisition)||14 of 28|
|State (California)||6 of 10|
|Country (United States)||18 of 32|
|Year (2016)||4 of 9|
|Size (of disclosed)||4 of 15|
Aliso Viejo, California, United States
Telogis, Inc. is a software company that provides location-based Intelligent Transportation Systems (ITS) that improve the way enterprises track and utilize mobile workers and assets to enhance resource efficiency and reduce fuel consumption and O&M for large industrial trucking fleet.
Fleetmatics Group PLC
Wellesley Hills, Massachusetts, United States
Fleetmatics Group PLC is a global provider of mobile workforce solutions for service-based businesses of all sizes delivered as software-as-a-service (SaaS). The Company's solutions enable businesses to meet the challenges associated with managing local fleets, and improve the productivity of their mobile workforces, by extracting actionable business intelligence from real-time and historical vehicle and driver behavioral data. Fleetmatics group's Web-based solutions provide fleet operators with visibility into vehicle location, fuel usage, speed and mileage, and other insights into their mobile workforce, enabling them to reduce operating and capital costs, as well as increase revenue.
Altaba is an independent management investment company that comprises two investments: the first a substantial position in Alibaba Group Holding Limited, which has become one of the world's largest online retailers, and the second in Yahoo Japan Corporation, now a leading Japanese internet company. Altaba was founded in 1994 and is based in New York, New York.
|Overall||2 of 2|
|Sector (Internet Software and Services)||1 of 1|
|Type (Add-on Acquisition)||1 of 1|
|State (California)||1 of 1|
|Country (United States)||1 of 1|
|Year (2016)||1 of 1|
|Size (of disclosed)||1 of 1|
Alibaba Group Holding Ltd.
Alibaba Group Holding Limited is a group of Chinese e-commerce businesses including Alibaba.com, Taobao and Alipay. Alibaba Group Holding was founded in 1999 and is based in Hangzhou, the People's Republic of China.