Hearst Corp. has made a preliminary offer of £700 million ($1.4 billion) for the consumer division of Emap (LSE: EMA), reports the FT. Apax Partners is reported to be the "front runner" for the B2B division, estimated to be worth around £1.2 billion ($2.4 billion). Last Friday was the deadline [...]

FreeLinc, an Orem, Utah-based provider of wireless communication accessories for two-way radios, has acquired Aura Communications Technology, a Wilmington, Mass.-based company specializing in near-field magnetic induction communications. No financial terms were disclosed. Aura has raised over $31 million in VC funding, from firms like Creative Technologies, Motorola Ventures, Duchossois Technology [...]

Apollo Endosurgery Inc., an Austin, Texas-based developer of medical devices for minimally-invasive surgical procedures conducted through natural orifices, has raised $11.5 million in Series A funding. Backers include PTV Sciences, H.I.G. Ventures and individual angels.[...]

Consistel, a Singapore–based provider of wireless network solutions in Asia and the Middle East, has raised an undisclosed amount of VC funding co-led by Jafco Asia and Intel Capital. East Peak Advisors advised Consistel on the transaction. www.consistel.com[...]

San Francisco-based video advertising startup Podaddies has raised an initial $1 million round from The Band of Angels and The Angels Forum. The company's pitch is that it allows publishers and advertisers to track and monetize content however it's consumed, even if it's been downloaded. Advertisers have a choice of [...]

MyBuys Inc., a Redwood City, Calif.-based provider of behavioral recommendation software for online retailers, announced that it has raised $10 million in Series B funding. Palomar Ventures led the round, which closed back in March. Return backer Lightspeed Venture Partners also participated. www.mybuys.com[...]