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IBM Corp. has the in-house deal expertise to handle acquisitions without an investment banker, and over hundreds of deals, it has chosen to go without an outside financial adviser. That could be changing, according to Elias Mendoza, vice president of corporate development and a former Morgan Stanley banker. Mendoza says as IBM navigates in a fast-evolving competitive landscape and expands its presence in global markets, i-bankers can offer insight and connections that complement the capabilities of IBM's in-house deal team. - Suzanne Stevens

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Armada Data Corp. (TSX-V: ARD) Paul Timoteo Discusses Q1 Results: Revenue up 58%, Net Income Up 244%

Mint s Utpal Bhaskar says Coal India would like an importing arrangement with Shipping Corporation of India to protect itself from coal price volatility

In this installment of Decade of The Deal, Rob Kindler, head of global M&A for Morgan Stanley-- who advised CNET Network Inc., which, under pressure from investor Jana Partners LLC, was sold to CBS Corp. for $1.8 billion in May 2008-- says that acquisition has turned out well, proof that activist shareholders can force transactions that are good for the long-term health of buyer and seller.

"We're looking for entrepreneurs that are taking on these very ambitious projects and that have passion about what they're doing and are really trying to do something very big," says Spark Capital general partner Bijan Sabet in Part 2 of The Deal's Behind the Money video interview. Spark recently launched a new seed-stage program to nurture entrepreneurs in New York and Boston, where Spark is based. "It's not like we're sitting around at Spark, saying, 'We'd love to find a company that's building a widget for Facebook'. We're looking for something really different." As an example of a startup with a big idea, Sabet points to Spark portfolio company Boxee, which develops media center software and which raised $4 million in December from Spark and its frequent New York co-investor, Union Square Ventures. Sabet, who is 40, points out that entrepreneurs in their 20s and early 30s have a competitive advantage: They have never known a world without the Internet. About Spark portfolio company founders David Karp (Tumblr Inc.), Charles Forman (OMGPOP, previously known as Iminlikewithyou) and Evan Williams (Twitter Inc.), Sabet says, "They grew up on the Internet. They're Net natives. When they think about things, they have an instinct that is unique compared with entrepreneurs who are 10, 15, 20 years older." Incidentally, in the video Sabet mentions having worked at Microsoft Corp. (NASDAQ:MSFT) in the past. Sabet jointed the company as part of the team that created WebTV Networks, which Microsoft bought for $425 million in August of 1997. Click here to see Part 1 of our chat with Sabet, in which he talks about co-investing with Union Square and others. Click here to see our video with Tumblr's David Karp, here for our video with OMGPOP's Charles Forman and here for our video with Boxee's Avner Ronen.

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