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Cisco Strikes New $4.5 Billion Deal With Networking Firm Acacia

By
Kevin McLaughlin
· · Source: The Information

Cisco Systems’ acquisition of fiber-optic networking company Acacia Communications, which appeared to be in jeopardy last week, is back on after Cisco upped its bid from $2.6 billion to $4.5 billion, the companies announced in a press release. Shares of Acacia, which makes networking chips and other devices that send and receive data, jumped more than 30% on the news and are close to their...

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