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Oracle to buy Acme Packet for USD 1.7 bln

2013-02-04 15:37:00| Telecompaper Headlines

(Telecompaper) Oracle has agreed to buy SBC specialist Acme Packet for USD 1.7 billion. The company will pay USD 29.25 per share for Acme Packet, representing a fully diluted equity value of USD 2.1 billion. Net of Acme packet's cash, the price is USD 1.7 billion. Acme Packet's session border controls enable delivery of voice, data and unified communications services and applications over IP networks. The company's products are deployed by more than 1,900 service providers and enterprises globally, including 89 of the world's top 100 operators. Oracle said the takeover will boost its portfolio for communications providers looking to migrate to all-IP networks. The takeover is expected to close in the first half of 2013, subject to Acme Packet shareholder approval and regulatory clearance.

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