Cisco Announces $2.9bn Acquisition of Starent

[JMcEntegart]

Cisco is really going for it when it comes to these multi-billion dollar acquisitions. Hot on the heels of its $3 billion acquisition of Tandberg, Cisco has announced plans to acquire Starent Networks for $2.9 billion.

Cisco Announces $2.9bn Acquisition of Starent : Read more

 

[jecht]

What does this mean for all us little people? Well, hopefully Cisco and Starent can help out beleaguered cell phone companies who are struggling to cope with the amount of data being sent and received over their networks.

Read: Maybe they can keep all the iPhones from crashing AT&T's network

 

[jellico]

There's a bit of this going on right now, companies taking advantage of the current economic situation to buy up other companies. Dell just purchased Ross Perot's company, Perot Systems, in September for $3.9 billion, and EqualLogic for $1.4 billion last year.

This stuff isn't particularly newsworthy unless you are an investor, or into corporate finance.