John Chambers and the Cisco team is always on the hunt for high-value companies to acquire, especially in these economic times where companies can be bought at a significant discount.
On the heels of Cisco planning to acquire Tandberg, a leading provider of video teleconferencing solutions, Cisco just announced plans to acquire Starent Networks for $2.9B. (This equates to $35 per Starent share, a 21% premium to Monday's trading price.)
Starent is a maker of advanced wireless equipment and its product line will add to Cisco's continued efforts of expanding next-generation networks.
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