The expected buyout has been confirmed as well as a twist in the story of Bright House Networks. [UPDATED]
Between the Lines
Larry Dignan and other IT industry experts, blogging at the intersection of business and technology, deliver daily news and analysis on vital enterprise trends.
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 CNET News.com. Larry has covered the technology and financial services industry since 1995, publishing articles in WallStreetWeek.com, Inter@ctive Week, The New York Times, and Financial Planning magazine. He's a graduate of the Columbia School of Journalism and the University of Delaware.
Zack Whittaker is a writer-editor for ZDNet, and sister sites CNET and CBS News. He is based in the New York newsroom. His PGP key is: EB6CEEA5.
Rachel King is a staff writer for CBS Interactive based in San Francisco, covering business and enterprise technology for ZDNet, CNET and SmartPlanet. She has previously worked for The Business Insider, FastCompany.com, CNN's San Francisco bureau and the U.S. Department of State. Rachel has also written for MainStreet.com, Irish America Magazine and the New York Daily News, among others. Rachel has a B.A. in Mass Communications and History from the University of California, Berkeley and a M.S. in Journalism from Columbia University, where she served as art director for the student magazine, Plated. In her spare time, she enjoys playing trumpet, learning rock climbing and archery, and listening to NPR's Pop Culture Happy Hour. Someday she also will be perfectly fluent in both French and Spanish. Someday.
According to reports, the two tech giants entered into acquisition talks sometime in early spring, but apparently failed to reach a deal.
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The buyback program represents approximately 2.6 percent of the public float.
The networking solutions provider beat EPS estimates by 2 cents, with IP Networking sales helping to carry the quarter.
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The company also launches features to analyze, build and target communities via its Community Cloud.
If you're a Google Fiber user and are suspected of downloading illegal content, you may find automatic demands for money in the post.