Oracle to buy Acme Packet for about $2.1B

February 4, 2013

Oracle is buying the network gear company Acme Packet for about $2.1 billion.

The is bolstering the communications package it can offer to customers with the acquisition. Acme makes phone and data network equipment that's used by more than 1,900 service providers and enterprises around the world.

Oracle, based in Redwood City, Calif., will pay $29.25 per share for Acme. That represents a 22 percent premium over the Bedford, Mass., company's Friday closing .

Acme's board unanimously approved the acquisition, which is expected to close in the first half of 2013.

Acme shareholders and regulators must still sign off on the deal.

Explore further: Smoked salmon recalled in Florida

0 shares

Related Stories

Smoked salmon recalled in Florida

August 21, 2007

The U.S. Food and Drug Administration announced the recall of 132 pounds of Acme-brand smoked salmon due to possible contamination.

SAP to buy Ariba for $4.5B, extending cloud push

May 22, 2012

(AP) -- Business software maker SAP AG on Tuesday said it will buy Ariba Inc., which makes Web-based software that connects suppliers and buyers online, for about $4.51 billion.

Software giant Oracle buys Java whizz Sun

April 20, 2009

Business software giant Oracle announced Monday it was buying Sun Microsystems and its Java programming language for 7.4 billion dollars after IBM abandoned its bid for the struggling tech company.

Oracle buys data storage firm Pillar

June 30, 2011

US business software giant Oracle has reached a deal to buy Pillar Data Systems, a data storage start-up majority owned by Oracle founder and principal owner Larry Ellison.

Blackboard to be taken private in $1.64B deal

July 1, 2011

(AP) -- Educational software maker Blackboard is being taken private for $1.64 billion in cash by an investor group led by affiliates of Providence Equity Partners.

Recommended for you

Researchers find tweeting in cities lower than expected

February 20, 2018

Studying data from Twitter, University of Illinois researchers found that less people tweet per capita from larger cities than in smaller ones, indicating an unexpected trend that has implications in understanding urban pace ...

Augmented reality takes 3-D printing to next level

February 20, 2018

Cornell researchers are taking 3-D printing and 3-D modeling to a new level by using augmented reality (AR) to allow designers to design in physical space while a robotic arm rapidly prints the work.

What do you get when you cross an airplane with a submarine?

February 15, 2018

Researchers from North Carolina State University have developed the first unmanned, fixed-wing aircraft that is capable of traveling both through the air and under the water – transitioning repeatedly between sky and sea. ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.