Cisco goes mobile in a $2.9 billion deal - Tom Taulli

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Cisco goes mobile in a $2.9 billion deal
Oct 13, 2009 05:50 PM UTC

Tom Taulli

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Filed under: Deals, Cisco Systems (CSCO)

Lately, it's been hard to keep track of the dealmaking at Cisco (NASDAQ: CSCO). But with a huge pile of cash and a need to find growth, the company is going back to its M&A roots -- in a big way.

The latest deal came Tuesday; that is, Cisco agreed to pay $2.9 billion for Starent Networks (NASDAQ: STAR), which develops infrastructure solutions to deliver multimedia on mobile devices. Keep in mind that a couple weeks ago Cisco purchased for $3 billion another multimedia operator, Tandberg (videoconferencing). And back in March, there was the $590 million deal for Pure Digital (which develops flip video cameras).

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Cisco goes mobile in a $2.9 billion deal originally appeared on BloggingStocks on Tue, 13 Oct 2009 12:50:00 EST. Please see our terms for use of feeds.

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