ACTIVE: Two divisions of event registration firm sold

Vista Equity Partners LLC is selling off parts of Dallas-based Active Network for a tidy profit of about $150 million. Atlanta-based Global Payments Inc. will buy the communities and sports divisions of Active Network for $1.2 billion, the companies announced Friday. Vista Equity, based in Austin and San Francisco, will retain ownership of Active Network's outdoors division. The deal includes about $600 million in stock and about $600 million in cash and is expected to close during the fourth quarter. Active...