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Article: Cisco to buy Starent Networks for 2.9 billion U.S. dollars
- Article from:
- Xinhua News Agency
- Article date:
- October 13, 2009
CopyrightCopyright 2009 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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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, ...