LegalZoom has agreed to sell a majority stake, worth more than $200 million to private equity firm Permira Advisors. The deal means that the company will likely withdraw its previously submitted IPO prospectus. The Permira deal will be executed through a tender offer launched on December 30. LegalZoom was backed by Polaris Venture Partners, Institutional Venture Partners, and Kleiner Perkins Caufield & Byers. [Source: Reuters]