• Today in SoftBank: Yeah, we're at the point where this needs to become a regular feature. Two developments since yesterday's note-a-palooza on tech's great devourer:
• Media M&A: The Emerson Collective, led by Laurene Powell Jobs, has agreed to acquire a majority stake of The Atlantic from current owner David Bradley (who will retain a minority stake and operational control, although Emerson has a contractual option to eventually purchase the remaining stake). Not included are some Atlantic satellite properties, including biz-focused Quartz (which was never part of the negotiations). No financial terms were disclosed.
• PE trendline, from KKR's Scott Nuttal during a Q2 earnings call: "We've been selling on a global basis more than we have been buying, in particular in the U.S. and Europe. Asia has been closer to a net deployer, but we see different opportunities there."
• Blast off: Yesterday we noted that Luke Nosek, a co-founding partner with Peter Thiel's Founders Fund, was raising $100 million for something called Gigafund. We've since learned that Nosek is leaving Founders Fund to work full-time on the new effort, which is initially devoted to raising capital that could be invested into Elon Musk's SpaceX. We've since learned more:
• One to watch: Remember that the sale of Anthony Scaramucci's hedge fund business, SkyBridge Capital, has not yet closed.
• Cold Water: Meg Whitman was indeed the front-runner for Uber's CEO role as of late yesterday afternoon, with strong support from at least half the board (Travis Kalanick was a notable exception). But the leak appears to have forced her hand, and forced her out of the running. If the initial leak came from the board's anti-Meg faction, then it worked. If it came from the pro-Meg faction, then it proved a major miscalculation. In a late-night tweetstorm, Whitman wrote:
"Normally I do not comment on rumors, but the speculation about my future and Uber has become a distraction. So let me make this as clear as I can. I am fully committed to HPE and plan to remain the company's CEO. We have a lot of work still to do at HPE and I am not going anywhere. Uber's CEO will not be Meg Whitman."
• Have a great weekend...
Redfin, an Internet-enabled residential real estate brokerage, raised $138 million in its IPO. The Seattle-based company priced 9.23 million shares at $15 per share (above $12-$14 range), for a fully-diluted market value of around $1.56 billion. It will trade on the Nasdaq under ticker symbol RDFN, while Goldman Sachs and Allen & Co. served as lead underwriters. Shareholders include Greylock (12.4% pre-IPO stake), Madrona Ventures (11.4%), Tiger Global (10.5%), DFJ (10.2%), Vulcan Capital (10%) and T. Rowe Price (7.1%).
• Traveloka, an Indonesia-based online travel portal, has raised $350 million in equity funding from Expedia (Nasdaq: EXPE) at a reported valuation north of $1 billion. Existing backers include East Ventures, Hillhouse Capital Group, JD.com and Sequoia Capital. http://tcrn.ch/2uE6ATo
• Toast, a Boston-based provider of cloud software for restaurant management, has raised $101 million in new financing. Generation Investment Management and Lead Edge Capital co-led the round, and was joined by return backers like Bessemer Venture Partners. http://bit.ly/2tX1cqT
• Haimawan, a Chinese developer of cloud-based mobile operating systems, has raised around $58 million in Series C funding from backers like Science & Technology Co. http://bit.ly/2vPZjyC
Kezar Life Sciences, a San Francisco-based developer of drugs to treat autoimmune diseases, has raised $50 million in Series B funding co-led by Cormorant Asset Management and Morningside Ventures. http://bit.ly/2v60uvM
• Within, a Los Angeles-based virtual reality studio led by former music video producer Chris Milk, has raised $40 million in Series B funding. Temasek and Emerson Collective co-led the round, and were joined by WPP, Macro Ventures and return backers 21st Century Fox, Andreessen Horowitz and Raine Ventures. http://bit.ly/2v3GREQ
• Big Switch Networks, a Santa Clara, Calif.-based software-defined networking company, has raised $30.7 million in new VC funding from backers like Dell Technologies Capital, Silverlake Waterman, MSD Capital and Intel Capital. http://bit.ly/2tMOOhT
• Marqeta, an Oakland-based open API platform for prepaid debit and credit cards, has raised $25 million in new VC funding. Visa led the round, and was joined by CreditEase and return backers Commerce Ventures, 83 North, Granite Ventures and CommerzVentures. http://tcrn.ch/2uwOHWL
• AutocloudPro, a Shanghai-based developer of a cloud platform for auto parts sales and distribution, has raised around $17 million in new VC funding from Qingsong Fund, Shoutai Investment Group, Langsheng Investment, Matrix Partners China and Fenghou Capital. http://bit.ly/2v5R9Em
🚑 Cyrus Biotechnology, a Seattle-based maker of computational tools for protein modeling and design, has raised $8 million in Series A funding. Trinity Ventures led the round, and was joined by OrbiMed Advisors, SpringRock Ventures and the W Fund. www.cyrusbio.com
• FilterEasy, a Raleigh, N.C.-based air filter subscription service, has raised $6.9 million in Series B funding. Arsenal Venture Partners led the round, and was joined by NC State Endowment Fund, Bonaventure Capital, Cofounders Capital, IDEA Fund Partners, John Replogle and Triangle Angel Partners. http://bit.ly/2h8Tg4A
• LoftSmart, a New York-based site for college students in search of off-campus housing, has raised $5 million in new VC funding. Tribeca Venture Partners led the round, and was joined by Corigin Real Estate Group and Sterling Equities. https://bloom.bg/2vIhlmh
• Peer5, a Palo Alto, Calif.-based streaming content platform for publishers, has raised $2.5 million in seed funding from FundersClub, Oriza Ventures, Tank Hill Ventures, Leorsa Group and individual angels. http://tcrn.ch/2uFMIgX
• ActionStreamer, a Cincinnati-based developer of wearable technologies to capture point-of-view video of athletes, has raised nearly $1.9 million in seed funding. CincyTech led the round, and was joined by Vine Street Ventures. http://bit.ly/2tHrCNZ
• Megacool, provider of a GIF-sharing API for mobile game developers, has raised $1.5 million in funding led by Alliance Ventures. http://bit.ly/2vdQW2I
• Brolly, a British app for buying insurance products, has raised £1 million in seed funding. Valar Ventures and Pi Labs co-led the round, and were joined by Entrepreneur First. http://tcrn.ch/2vLlxBw
• Advent International has agreed to acquire a majority equity stake in First Watch Restaurants, a University Park, Fla.-based breakfast, brunch and lunch concept, from Freeman Spogli & Co. No financial terms were disclosed. http://bit.ly/2tP7Ioo
• Atlas Merchant Capital, the private equity firm led by former Barclays CEO Bob Diamond, is in "advanced talks" to acquire Talcott Resolution, an annuities run-off business, from Hartford Financial Services Group (NYSE: HIG), according to Reuters. The deal could be worth between $3 billion and $3.5 billion. http://reut.rs/2tPuCMs
• BMC Software, a portfolio company of Bain Capital and Golden Gate Capital, has ended talks to acquire business software maker CA Inc. (Nasdaq: CA) after "struggling to arrange financing," according to Reuters. Had the deal occurred, it would have been the largest LBO of a tech company since Dell bought EMC. http://reut.rs/2u4klay
• Brite Media Group, a San Francisco-based out-of-home advertising firm backed by The Beekman Group, has acquired Clean Zone Marketing, a Noblesville, Ind.-based provider of transit advertising services. www.britemedia.com
• CVC Capital Partners and KKR are prepping a joint bid for the specialty chemicals unit of Akzo Nobel, which could be valued north of €9 billion, according to Bloomberg. Apollo Global Management and Advent International also are considering offers. https://bloom.bg/2u1Iu1d
• Equistone has agreed to acquire Bruneau, a French online distributor of office furniture and supplies, from Weinberg Capital Partners. No financial terms were disclosed, except that Bruneau generated €312 million in 2016 revenue. www.equistonepe.com
🚑 LongueVue Capital has acquired Zavation Medical Products, a Jackson, Miss.-based maker of spinal implants, instruments and biologics. No financial terms were disclosed. www.zavation.com
• Montagu Private Equity has agreed to acquire OASIS, an Ireland-based provider of records and information management solutions, from Sverica and Housatonic Partners. No financial terms were disclosed. www.oasisgroup.com
• Oak Hill Capital Partners has agreed to acquire EPIC Insurance Brokers & Consultants, a retail property and casualty insurance broker with nearly $300 million in annual revenue, from The Carlyle Group at an enterprise value of approximately $1 billion. www.epicbrokers.com
• One Equity Partners has agreed to acquire Lutech, an Italian IT systems integrator, from sellers like Germany's Laserline. No financial terms were disclosed. www.lutech.it
• Platinum Equity has agreed to acquire Fischer Tech, a Singapore-listed maker of high-volume precision engineering plastic components, for approximately US$124 million. http://bit.ly/2vP9UtD
• Dropbox is planning to pick Goldman Sachs as lead manager for its upcoming IPO (assuming it actually goes through with such an offering), according to Bloomberg. https://bloom.bg/2v61orX
• Purple, an Alpine, Utah-based direct-to-consumer mattress startup, is going public via a $1.1 billion reverse merger with Global Partner Acquisition Corp. (Nasdaq: SPAC). http://tcrn.ch/2w50DN6
• Montagu Private Equity is nearing an agreement to sell French margarine maker St. Hubert to China's Fosun International and Beijing Sanyuan Foods for around €600 million, according to Bloomberg. https://bloom.bg/2vb4FHj
⛽ Glencore (LSE: GLEN) has agreed to acquire a 49% stake coal mines in Australia's Hunter Valley for just over A$1.1 billion, from China's Yancoal (which just agreed to purchase Rio Tinto's Hunter Valley ops) and Japan's Mitsubishi. Glencore will then manage the operations via a joint venture with Yancoal. http://reut.rs/2uIESDn
• Toshiba will pay nearly $2.2 billion to extricate itself from a pair of unfinished nuclear reactors in South Carolina that were being built by Toshiba's now-bankrupt Westinghouse subsidiary. The installment payments will go to SCANA Corp. (NYSE: SCG) and state-owned utility Santee Cooper. http://reut.rs/2uIN5HR
• Verizon Communications (NYSE: VZ) is in talks to acquire the Chicago-area fiber network of WideopenWest (NYSE: WOW) for more than $200 million, according to Reuters. http://reut.rs/2u4luyS
• Jeremy Newsom has joined Platform Partners as an executive vice president. He previously was an EVP and head of corporate banking an Amegy Bank. www.platformllc.com