Oracle to buy network gear maker Acme Packet for $2. 1 billion
(Reuters) – Oracle Corp will buy network equipment maker Acme Packet Inc for $2. 1 billion, putting it in a better position to compete with Cisco Systems Inc in moving data securely over internet networks. Shares of Acme were trading 7 cents above the offer price of $29. 25 in early trading on Monday, suggesting that some investors anticipate a counter bid. The deal is Oracle’s biggest since it bought Sun Microsystems in 2010 for about $7 billion. The company bought nearly a dozen companies in 2012, including Eloqua Inc for $810 million in December. . . .
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