IPO

Healthcare analytics provider Inovalon Holdings sold 22.2 million shares at $27, a nice bump over the $21-$24 million target, to raise $600 million. The company listed on NASDAQ, while Goldman Sachs, Morgan Stanley, Bank of America, and UBS served as lead underwriters.

M&A

Regional telecom Frontier, with a current market capitalization of $8 billion, is set to acquire telephone line assets from Verizon for over $10.5 billion, pending regulatory approval. The deal will double the number of Frontier subscribers with potential access to high-speed Internet services. Frontier stock has climbed nearly 20% since the beginning of the year.

Palantir, the data analytics company best known for helping track down terrorists and corporate fraud, announced late last night that it had acquired Fancy That, a provider of omnichannel (stores, online, mobile) retail insights. Fancy That was founded in 2013 by four recent graduates of Stanford’s computer science department. Terms of the deal were not disclosed.

Motorola Solutions, the maker of two-way radios and other communications equipment that was formerly a part of what used to be Motorola, Inc, is seeking a buyer. The company’s current market capitalization is above $15 million.

The local recommendation engine Yelp paid $134 million in a combination of stock and cash to acquire Eat24, a web-based food delivery service with around 20,000 restaurants currently on its platform.

Twitter paid around $30 million to acquire Niche, a talent agency for a new breed of social network celebrities. It is the second exit for Niche co-founder Rob Fishman, who previously sold Kingfish Labs to Buzzfeed.

Just having announced that it would spend $280 million to acquire Travelocity, Expedia will drop $1.6 billion to buy Orbitz, another online travel booking platform. The market has now been reduced to two major players: Expedia and Priceline.