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

Related Topics

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)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

JOB CUTS

Reuters Showcase

IPhone 6

IPhone 6

IPhone comes out of a "bygone era", reviewers hail bigger handset.  Full Article 

Revenue Forecast

Revenue Forecast

Adobe revenue forecast misses, shares slip.  Full Article 

Focus on Mars

Focus on Mars

Video: NASA to resume human space flight, focus on Mars.  Video 

Inside Microsoft

Inside Microsoft

Microsoft boosts dividend 11 pct, adds new directors.  Full Article 

Alibaba IPO

Alibaba IPO

Alibaba IPO timing bodes well for Casino's Cnova listing.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage