Early greetings from 30,000 feet, as I'm heading down to D.C. for some meetings at Axios HQ. And big congrats to flight attendant Bette Nash, who is celebrating her 60th year with American Airlines (an NBC Nightly News crew is filming on the plane, and you can watch tonight). Okay, here we go...
SoftBank today is expected to launch its long-awaited tender for Uber shares, with an opening gambit that would value the company at around $48 billion. What to know:
• Ummmm... Koch Equity Development's $650 million equity commitment letter for Meredith Corp.'s purchase of Time Inc. was filed with the SEC yesterday, and there is a very interesting clause vis-a-vis the "passivity" debate:
On a quarterly basis, Issuer's senior management will meet with the Purchaser to discuss then current business, financial and strategic matters relating to the Issuer and share the same materials that are being shared with the Issuer's Board of Directors for such quarter, subject to applicable non-disclosure and other obligations. In the event that the Issuer issues PIK Dividend Shares, the Purchaser will be provided the right to designate one observer to observe Issuer's board meetings.
• Blast off: SpaceX has added $100 million to a Series H funding round that held a $350 million first close over the summer at a post-money valuation of around $21 billion. The new infusion was first disclosed in an SEC filing, and the company declined to identify any participating investors.
WeWork has agreed to acquire MeetUp, a New York-based social network that helps organize offline meetings around common interests. No financial terms are being disclosed, but a source says that it's valued at around $200 million (including employee retention incentives). MeetUp had raised around $18 million in venture funding since 2002, from firms like DFJ, Omidyar Network, Allen & Co. and Union Square Ventures.
🚑 Fullerton Healthcare, a Singapore-based provider of corporate healthcare solutions, has raised over $121 million in new funding led by the investment arm of Chinese insurer Ping An. http://axios.link/Cc6I
🚑 Medeor Therapeutics, a San Mateo, Calif.-based developer of personalized cellular immunotherapies for kidney transplant patients, has raised $57 million in Series B funding. RA Capital Management led, and was joined by Sofinnova Ventures, 6 Dimensions Capital and return backers Vivo Capital and WuXi Healthcare Ventures. http://axios.link/c6B2
🚑 Doctolib, a French online booking platform for doctor appointments, has raised €35 million in new funding from Eurazeo and return backer Bpifrance. http://axios.link/EyWF
• Reliam, a Los Angeles-based provider of managed services, has raised $17 million from Great Hill Partners (which is reserving another $75m for future growth and/or acquisition purposes). http://axios.link/tgf6
• ClimaCell, a Boston-based hyper-local weather forecasting startup, has raised $15 million in Series A funding. Canaan Partners led, and was joined by Fontinalis Partners and return backer Square Peg Capital. http://axios.link/wQ9L
🚑 Biolinq, a San Diego-based developer of a biosensor patch for monitoring multiple biomarkers, has raised $10 million in Series A funding. M Ventures led, and was joined by Hikma Ventures, Grey Sky Venture Partners, Three Leaf Ventures and LifeSci Venture Partners. http://axios.link/nyoN
🚑 Qool Therapeutics, a Menlo Park, Calif.-based developer of a device for device for targeted temperature management and exercise recovery, has raised $8 million in Series A-1 funding from Zhongji Holdings/Join Medical Technology, TAMCAP, BrilliMedical International Corp., BioPacific Investors, Western Technology Investment and FundRx. www.qooltherapeutics.com
• Libra, a New York-based maker of cryptocurrency tax and auditing software, has raised $7.8 million in Series A funding led by an undisclosed European family office. Other backers include Liberty City Ventures, XBTO, Boost VC and Lee Linden. http://axios.link/rCiV
🚑 LabGenius, a London-based synthetic biology startup, has raised $3.66 million in seed funding. Kindred Capital and Acequia Capital co-led, and were joined by Backed VC, Beast Ventures, Berggruen Holdings and SystemOne. www.labgeni.us
• Abraaj Group has acquired a 35% stake in Tunisie Telecom, a state-owned telecom company in Tunisia, from Dubai Holdings. http://axios.link/WvXj
🚑 Avista Capital Partners has agreed to acquire United BioSource, a Blue Bell, Penn.-based provider of pharma and patient support services, from Express Scripts (Nasdaq: ESRX). http://axios.link/C2jV
• General Tools & Instruments, a New York-based portfolio company of High Road Capital Partners, has acquired the assets of PacTool International, a Kinston, Wash.-based maker of tools for used in construction, renovation and remodeling. www.generaltools.com
• Nordic Capital is nearing an agreement to acquire Ullink, a Paris-based provider of electronic trading software, from HgCapital for around $650 million, per the WSJ. http://axios.link/6zv2
• Roark Capital Group has agreed to acquire restaurant chain Buffalo Wild Wings (Nasdaq: BWLD) for around $2.4 billion, or $157 per share in cash (34% premium to Nov. 14, when Roark's interest was first reported). http://axios.link/LAUG
🚑 StatLab, a McKinney, Texas-based portfolio company of Cressey & Co., has acquired American MasterTech Scientific, a manufacturer and distributor of stains and other specialty lab products. www.americanmastertech.com
• Sunsea, a Chinese parking lot operator, has raised around $227 million in equity funding led by Warburg Pincus. Also participating is Warburg Pincus portfolio company Red Star Macalline, which will grant Sunsea operating rights to 300,000 spaces. www.warburgpincus.com
• Thoma Bravo has agreed to acquire Barracuda Networks (NYSE: CUDA), a Campbell, Calif.-based cybersecurity company, for $1.6 billion in cash, or $27.55 per share (16.4% premium to Friday's closing price). http://axios.link/hUcv
• Tinicum has acquired Astrodyne, a Hackettstown, N.J.-based maker of electromagnetic interference filters. www.astrodynetdi.com
• SpringerNature, publisher of magazines like Nature and Scientific American, has hired J.P. Morgan to lead a 2018 IPO, according to Reuters. The company is 53% owned by German publisher Holtzbrinck, while BC partners holds the remainder. http://axios.link/8Zku
• Bain Capital has agreed to sell Sundial Brands, a New Jersey-based hair and skincare products company with around $240 million in annual revenue, to Unilever. http://axios.link/SJyK
Temasek is considering a sale of its 20% stake in Hong Kong-based drug distributor Zuellig Pharma, which could garner around $1 billion, according to Bloomberg. http://axios.link/6PNN
• Bank of Nova Scotia (TSX: BNS) has offered to pay $2.2 billion for a majority stake in the Chilean operations of Spanish bank BBVA. http://axios.link/bupN
• Emerson (NYSE: EMR) said that it has withdrawn its $29 billion, or $225 per share, takeover offer for Rockwell Automation (NYSE: ROK) "due to the Rockwell Board of Directors' continued unwillingness to engage in discussions about a potential combination."
"The Rockwell Board again rejected our offer, which would⛽ Statoil (Oslo: STL) has agreed to acquire stakes in two Norwegian oilfields from Total (Paris: TOTF) for $1.45 billion. http://axios.link/q6Qx
• Mizrahi-Tefahot Bank (TASA: MZTF) has agreed to acquire smaller Israeli lender Union Bank of Israel (TASA: UNON) for around $400 million in stock. http://axios.link/9QsA
• 3Rodeo has been launched by Noah Heller (ex-Hulu) as a Los Angeles-based venture firm, according to Variety. http://axios.link/BMMD
• NFX (f.k.a. NFX Guild) has closed its debut venture capital fund with $150 million in capital commitments. www.nfx.com
• Root Ventures is raising up to $75 million for its second hardware-focused seed fund, per an SEC filing. www.root.vc
• Bhaskar Ghosh has joined 8VC as a partner and chief technology officer. He previously was with Nerdwallet as VP of engineering, operations and security. www.8vc.com