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Cisco pays $3.2bn cash for WebEx
Posted on Mar 15 2007 2:35 PM by
Xtrmius
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Cisco has agreed to acquire communications service vendor WebEx for $3.2bn in cash. The deal marks Cisco's second purchase in as many days.
The WebEx product line will also be integrated into Cisco's Unified Communications program. The company plans to focus the WebEx technology on its programs for small and medium-sized businesses.
Cisco expects acquisition to close by the end of July
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