Telecoms

Sector focus: Media

Medical device producer NeoTract has agreed to be acquired by Teleflex for $1.1bn, giving an exit to Johnson & Johnson, a notable deal in a field where corporate commitments have been on the rise.

Spun out from Xerox subsidiary Parc last month, Metawave has now raised $7m in a seed round backed by several venture capital firms.

Following on from successes, such as eLong in China, and Expedia's former CEO Dara has a storied track record in using tools to keep its global edge.

The phone-based audio archiving software provider has been acquired for an undisclosed amount, allowing Swisscom Ventures and Vodafone Ventures to exit.

Francisco Partners has purchased a 16.7% stake in Iconectiv, a subsidiary of Ericsson that has developed technology to interconnect telecom networks.

Vision Fund's $2.5bn investment in Flipkart last week, together with its huge bets on Fanatics and Roivant, could indicate where it plans to invest in the longer term.

It is, as these deals in the past week show, a remarkable time in sports and content as the change in distribution routes also affects the $40bn advertising industry.

Altaeros, the developer of an aerial broadband provision system, has raised $7.5m from SoftBank, the investor that supplied $7m for it in 2014.

The pharmaceutical company's acquisition of Novartis-backed IFM Therapeutics, consisting of $300m upfront and up to $2bn in milestone payments, is its fourth purchase of a CVC-backed company in under four years.