Cisco buys WebEx

Iria · Mar 15, 2007, 02:42 PM

Source: Ars Technica
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Cisco will purchase WebEx for $3.2 billion in a deal announced today. WebEx is best known for its suite of online collaboration tools, which include video conferencing as well as application sharing. The $3.2 billion price tag translates into $57 per share, a nice 23 percent premium above WebEx's closing price.

Perhaps best known as a provider of networking hardware, Cisco has been on a shopping spree over the past several years in an attempt to broaden its portfolio and expand its reach into new markets. Most of those moves passed under the radar, but in 2003, Cisco moved into the home with its acquisition of Linksys, which added one of the most-highly-recognized names in home networking to its portfolio.

Mar 15, 2007, 02:42 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Cisco buys WebEx Source: Ars Technica ________ Cisco will purchase WebEx for $3.2 billion in a deal announced today. WebEx is best known for its suite of online collaboration tools, which include video conferencing as well as application sharing. The $3.2 billion price tag translates into $57 per share, a nice 23 percent premium above WebEx's closing price. Perhaps best known as a provider of networking hardware, Cisco has been on a shopping spree over the past several years in an attempt to broaden its portfolio and expand its reach into new markets. Most of those moves passed under the radar, but in 2003, Cisco moved into the home with its acquisition of Linksys, which added one of the most-highly-recognized names in home networking to its portfolio.