Industry Deals

We've scoured the airwaves and assembled a list of the latest financial transactions in technology and communications.

Entercom Communications Corp. Announces Definitive Agreement to Acquire Lincoln Financial Media from Lincoln Financial Group for $105 Million

BALA CYNWYD, Pa.–(BUSINESS WIRE)–Entercom Communications Corp. (“Entercom” or the “Company”) (NYSE: ETM) announces that it has entered into a definitive agreement to acquire Lincoln Financial Media (“LFM”) from Lincoln Financial Group (“Lincoln”) (NYSE: LNC) for $105 million plus working capital. The transaction is subject to FCC and other customary regulatory approvals and closing conditions. The Company expects that the deal will close in the second quarter of 2015.

Leading G.fast Company Sckipio Raises $17M

RAMAT GAN, Israel–(BUSINESS WIRE)–Sckipio Technologies, the leader in G.fast modem chipsets, announces it has raised $17M USD in a Series B round led by Pitango Venture Capital and combined with follow-on investment from the original Series A investors; Gemini Israel Ventures, Genesis Partners, Amiti Ventures and Aviv Ventures.

Sentient Technologies Raises $103.5 Million in Series C Funding

SAN FRANCISCO–(BUSINESS WIRE)–Sentient Technologies, the company seeking to solve the world’s most complex problems through massively scaled artificial intelligence, announces it has raised $103.5 million in Series C funding that brings the total investment in Sentient to more than $143 million.

Mavenir Systems Announces an Agreement to Acquire Stoke

RICHARDSON, Texas–(BUSINESS WIRE)–Mavenir Systems (NYSE:MVNR), a leading provider of software-based networking solutions, announces that it has signed a definitive agreement to acquire Stoke, Inc., subject to customary closing conditions.

Level 3 Completes Acquisition of tw telecom

BROOMFIELD, Colo. /PRNewswire/ — Level 3 Communications, Inc. (NYSE: LVLT) announces it completed its acquisition of tw telecom. The transaction further positions the company as a global leader in the rapidly evolving business communications market.

FirstLight Closes G4 Asset Acquisition

FirstLight Fiber has completed its purchase of G4 Communications’ assets. The deal was announced in late August; its terms were not disclosed because both service providers are privately held.