Tech, Media, & Telecom (TMT) Deals Highlighted on Acquisitions from Sirius XM, Slack, GrubHub, and Comcast.

​According to Pitchbook, there were 38 mergers & acquisitions deals that had reached definitive agreements last week, for a total of $14.2 billion. The business-to-business and healthcare industries tied for the most deals at 10, receiving investments of $1.9 billion and $3.5 billion, respectively. Direct-to-consumer firms had the most investment with $7.3 billion across seven deals. The following are a selection of headlining deals in Skyline’s core industry focuses:

• In an effort to acquire listeners outside of the automobile, Sirius XM Holdings has announced it will acquire Pandora in an all stock deal worth $3.5 billion, according to Pitchbook. Sirius XM, well known for its car-based satellite radio service, has long attempted to get out from behind the wheel. By acquiring Pandora, the company will be able to expand its offerings towards internet and mobile music streaming.

• Enterprise collaboration software provider Slack announced last week it will acquire Astro and its email assistant technology, known as Astrobot. The deal, which is Slack’s largest acquisition to date, will help the company bring email and calendar integration to its platform.

• GrubHub, a mobile-based food delivery application, has agreed to acquire Tapingo, a platform for college campus food ordering, for $150 million. With 150 college partners, Topingo facilitates order-ahead transactions for student users at on-campus cafes, restaurants, and cashier-less stores.

• Barrick Gold has agreed to buy Randgold Resources in a $6 billion all stock deal, making Barrick the world’s largest gold miner by production. The combined operation is estimated to produce 6.5 million ounces per year. Randgold is a developer of gold deposits in Sub-Saharan Africa, while a large share of Barrick’s operations is in the Americas.
  

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• Over the prior weekend, Comcast beat out 21st Century Fox in a bidding war for Sky, a European broadcasting company, for $39 billion. The play will help Comcast expand into a new market, one where Sky provides TV, phone, and Internet services to some 23 million households.