Article: Cisco to buy Starent Networks for 2.9 billion U.S. dollars

Cisco to buy Starent Networks for 2.9 billion U.S. dollars

SAN FRANCISCO, Oct. 13 (Xinhua) -- Cisco Systems Inc. said on Tuesday it has agreed to buy Starent Networks Corp., a U.S. wireless networking equipment maker, for a total price of nearly 2. 9 billion U.S. dollars.

Under the terms of the agreement, Cisco will pay 35 dollars per share in cash in exchange for each share of Starent Networks, which is now based in Tewksbury, Massachusetts.

"We are very pleased that Starent Networks will be joining the Cisco team, and we believe their products and engineering talent will greatly benefit our service provider customers as they build out their mobile Internet offerings," John Chambers, ...

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