Deals

Acme Packet acquired by Oracle for $2.1B
Date: 
Monday, February 4, 2013
Location: 
"Bedford, MA"
Deal Type: 
Acquisition

Acme Packet® (NASDAQ:
APKT) today announced that it has entered into an agreement to be
acquired by Oracle (NASDAQ: ORCL) for $29.25 per share in cash
representing a fully diluted equity value of $2.1 billion. Net of cash
this represents an enterprise value of $1.7 billion.

The combination of Oracle and Acme Packet is expected to accelerate
the migration to all-IP networks by enabling secure and reliable
communications from any device, across any network. Users are
increasingly connected and expect to communicate anytime and anywhere
using their application, device, and network of choice. Oracle
Communications along with Acme Packet can help service providers and
enterprises meet these demanding requirements by delivering an
end-to-end portfolio of technologies that will support the deployment,
innovation and monetization of all-IP networks.

60 day posting for only $99