Proxim Inc. on Monday announced that it has acquired Farallon Communications Inc., a longtime networking developer for Macs and Intel-standard PCs. Sunnyvale, Calif.-based Proxim, which specializes in wireless broadband networking, said it purchased Farallon -- a privately held company based in San Leandro, Calif. -- for 121,654 shares of Proxim's common stock (worth about $10 million) as well as $4 million in cash. Full story. -- Matthew Rothenberg, ZDNet News
