Oracle to buy network gear maker Acme Packet for $1.9 billion

Mon Feb 4, 2013 6:59pm IST

The company logo is shown at the headquarters of Oracle Corporation in Redwood City, California February 2, 2010. REUTERS/Robert Galbraith/Files

The company logo is shown at the headquarters of Oracle Corporation in Redwood City, California February 2, 2010.

Credit: Reuters/Robert Galbraith/Files

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REUTERS - Oracle Corp ORCL.O said it agreed to buy network gear maker Acme Packet Inc APKT.O for about $1.9 billion.

The $29.25 per share offer is at a 22 percent premium to Acme Packet's Friday close on the Nasdaq.

(Reporting by Sayantani Ghosh in Bangalore; Editing by Sreejiraj Eluvangal)

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