Thursday, March 15, 2007 4:10 PM EST
Cisco agrees to buy WebEx for $3.2 billion
Cisco, fresh from buying social networking company Five Across Inc., has now agreed to purchase online presentation company WebEx for $3.2 billion. Roughly equivalent to the price of two YouTubes, the purchase price garners Cisco a company that made has a net income of about $47 million on sales of $380 million. Om Malik says the acquisition is part of an ongoing chess game versus Microsoft, which increasingly competes against Cisco in the VOIP business (especially after Microsoft's acquisition of TellMe Networks).
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Posted by Den | September 29, 2007 2:33 AM