Cisco buys WebEx for $3.2 billion

Summary:Cisco will acquire WebEx in a deal valued at roughly $3.2 billion.

Cisco will acquire WebEx in a deal valued at roughly $3.2 billion. According to Cisco, WebEx will enable Cisco to extend the networking giant's "vision for Unified Communications, particularly within the Small to Medium Business (SMB) segment."

The deal is expected to close in the fourth quarter of Cisco's fiscal year. Cisco has been on a bit of an acquisition tear of late.

In recent weeks, Cisco has acquired social networking sites that made some observers go "huh?"

The WebEx purchase is a little easier to follow. In the not to distant future, it's likely that WebEx services will be sold along with Cisco's video conferencing technology. Cisco said it will preserve WebEx's subscription business model.

Topics: Cisco

About

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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