Thursday, January 14, 2021

Cisco, Acacia make up with $4.5 billion pact

After some saber-rattling, Cisco has sweetened the pot to acquire optical technology firm Acacia. The amended agreement calls for Cisco to pay $4.5 billion instead of the originally agreed upon $2.6 billion deal.

The companies said the amended acquisition should close by the end of the first calendar quarter of 2021, but it is still subject to closing conditions, including Acacia stockholder approval. Upon completion of the acquisition, Acacia CEO Raj Shanmugaraj and company employees will join Cisco's Optics business.

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Thanks to Michael Cooney (see source)

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