Cisco Eyes Mobile Internet With $2.9 Billion Starent Acquisition
Cisco has announced theyÃ¢â‚¬â„¢ll be acquiring Starent Networks in a deal worth approximately $2.9 billion. The deal is expected to close during the first half of 2010; the two companies will continue to operate as separate entities until then.
When the deal is completed Ã¢â‚¬â€œ which could be prolonged by regulatory reviews and customary closing conditions Ã¢â‚¬â€œ Starent Networks will become the new Mobile Internet Technology Group at Cisco, led by Starent NetworksÃ¢â‚¬â„¢ President and Chief Executive Officer Ashraf Dahod.
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