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Cisco Systems Acquires Online Conferencing Giant, WebEx

Cisco Systems has purchased the online meeting and web conferencing company, WebEx, for approximately US $3.2 billion. The acquisition exemplifies Cisco's desire to move beyond their familiar networking technology and into the world of business ... communications. Cisco is perhaps best known for manufacturing routers and switches that direct data over computer networks. The company agreed to purchase WebEx for $57/share; approximately 23 percent over WebEx's closing price of $46.20/share on the purchase date. (Source: nytimes.com ) WebEx produces applications that enable online conferences and ... (view more)

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