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Broadband

Broadsoft acquisition by Cisco gets anti-trust clearance

Friday 19 January 2018 | 08:49 CET | News
The US Department of Justice (DoJ) and the Federal Trade Commission (FTC) have given anti-trust clearance to the acquisition of Broadsoft by Cisco. The companies entered in an agreement in October, with Cisco saying it would pay USD 55 per share in cash, or a total of USD 1.9 billion net of cash. The deal has been approved by the board of directors at each company. It is expected to close in the first quarter of this year, subject to approval by BroadSoft's stockholders, remaining foreign regulatory approval, and other customary closing conditions.

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Categories: Fixed
Companies: Broadsoft / Cisco
Countries: World
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