Posted by: krishnabaidya on: October 15, 2009
Cisco yesterday announced it is buying mobile packet core specialist Starent Networks for US$2.9 billion (US$35 per share). The price represents a premium of 21 percent over Monday’s closing share price. Founded in 2000, Starent completed an IPO in 2007 and reported revenue of US$254.1 million last year, a 74 percent improvement on the year [...]
Posted by: krishnabaidya on: October 2, 2009
Cisco Systems will acquire Norway’s video conferencing equipment maker Tandberg ASA for $3 billion (17.2 billion Norwegian crowns) in cash, the companies informed on Thursday. “Tandberg’s board of directors have unanimously decided to recommend its shareholders to accept the offer,” informed Tandberg. The analysts had different opinions about the offer price, as some stated it [...]
