Cisco Systems Acquires Starent Networks Corp. for $2,900,000,000

  • Feed Type
  • Date
    10/13/2009
  • Company Name
    Starent Networks Corp.
  • Mailing Address
    30 International Place Tewksbury, MA 01876
  • Company Description
    Starent Networks has been focused on delivering a superior subscriber experience with next-generation services.
  • Website
    http://www.starentnetworks.com
  • Transaction Type
    M&A
  • Transaction Amount
    $2,900,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Under the terms of the agreement, Cisco will pay $35 per share in cash in exchange for each share of Starent Networks and assume outstanding equity awards for an aggregate purchase price of approximately $2.9 billion. The acquisition has been approved by the boards of directors of both companies.

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