ImmunoGen Raises $84M, Cablevision Founder Backs Crimson Hexagon, BzzAgent Bought, & More Boston-Area Deals News

New England IT and life sciences startups warmed up this week with financing and acquisition news.

—Andover, MA-based SiGe Semiconductor scrapped its plans to go public and was instead acquired by Skyworks Solutions (NASDAQ: [[ticker:SWKS]]) of Woburn, MA, for $210 million upfront and potentially $65 million more tied to certain milestones.

—Nashua, NH-based VGo Communications, a maker of devices for two-way audio and visual conferencing, brought in $4.3 million of a targeted $6 million equity offering, from 11 investors, an SEC filing showed.

—ImmunoGen (NASDAQ: [[ticker:IMGN]]), the Waltham, MA-based antibody drug developer, raised $84 million in a stock offering, selling 7 million shares at $12 each.

—Boston-based mobile startup Session M snapped up $6.5 million in a Series A financing from Highland Capital Partners, Kleiner Perkins Caufield & Byers (iFund), and other mobile industry leaders. Session M’s founders are veterans of Apple, Quattro Wireless, Gamesville, Lycos, GameLogic, and Meblur.

—BzzAgent, a Boston-based social marketing company, was bought by U.K.-based consumer analytics firm Dunnhumby, for a sum that some media reports pegged at $60 million.

—MIT startup Liquid Metal Battery received an undisclosed amount of seed funding from Bill Gates and

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Author: Erin Kutz

Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.