Clifford Chance has advised Software AG, Darmstadt, and Main Incubator GmbH ("main incubator"), Frankfurt am Main, on the acquisition of a stake in Traxpay AG.

Traxpay offers an electronic procedure for financial transactions in the B2B sector which ensures secure payments and subsequent settlement in real time. Traxpay's customers include operators of B2B trading networks as well as digital market places and companies. Traxpay is privately held and operates branches in Mountain View, California, and Frankfurt am Main.

Millennial Media today announced that it has signed a definitive agreement to acquire Nexage for approximately $107.5 million in cash and stock, subject to certain adjustments. Based in Boston, privately held Nexage is a leading provider of Real-Time-Bidding (RTB) technology that helps to automate the buying and selling of mobile advertising.

Allen & Overy LLP has advised SAP SE on the financing of the takeover of Concur Technologies, Inc., a leading provider of business travel and expense management software solutions, and on regulatory issues in the context of the takeover. The takeover of Concur by SAP SE’s subsidiary, SAP America Inc., is expected to close in late 2014/early 2015. Closing of the transaction is subject to Concur stockholder approval, clearances by the relevant regulatory authorities and other customary closing conditions.

Linklaters has advised Vodafone on the purchase of 140 Phones4U stores from administrators, PricewaterhouseCoopers, saving almost 900 jobs. The Linklaters team advising Vodafone on the deal was led by Restructuring & Insolvency partner Richard Hodgson and included managing associate James Warboys and associate Damien Gomez and Real Estate partner Mark Burgess-Smith. 

Linklaters has acted on a number of high profile administrations of high street retailers recently, including on the administrations of HMV, GAME Group, Habitat, Blockbusters, La Senza and Woolworths.

Listed US-company Mentor Graphics Corporation acquires German XS Embedded GmbH (XSe), a technology leader in the creation of automotive system architectures and hardware reference platforms. The company based in Villingen-Schwenningen has over ten years of direct experience in the automotive electronics design industry across twenty automotive programs that combine hardware and software expertise. An innovative systems allows to significantly reduce the time to start of serial production.

Fieldfisher acted for Scandinavia's AB Svensk Filmindustri on its strategic alliance with Studiocanal. Svensk Filmindustri was founded in 1919. Being one of the oldest and most respected film companies in the world, Svensk has earned a well-deserved reputation for producing some of the best-known films and filmmakers in the history of cinema.

Clifford Chance advised Telefónica on the issue of bonds mandatorily convertible into and/or exchangeable for shares in the amount of 1.5 billion euros, issued through the subsidiary Telefónica Participaciones S.A.U.

With a face value of 100,000 euros, these bonds will be issued at 100% of their value, maturing in three years. They will accrue a fixed annual interest rate of 4.9%, payable annually in arrears.

Travers Smith has advised international software and application management solutions group Micro Focus on its proposed merger with the Attachmate Group, a global provider of enterprise infrastructure software solutions.

Kirkland & Ellis LLP advises The TriZetto Corporation, a provider of world-class healthcare information technology and service solutions owned by Apax Partners, which announced today that it has agreed to sell its majority ownership stake of TriZetto to Cognizant Technology Solutions Corp. for $2.7 billion in cash. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close during the fourth quarter of 2014.

Shearman & Sterling achieved a victory for client WebMD Health Corp. (WebMD) when the United States District Court for the Central District of California issued its Claim Construction Order in connection with a patent infringement suit brought by MyMedicalRecords, Inc. (MMR), a California-based firm offering online personal health records management for consumers.