Contact Center Solutions Industry News

TMCNet:  Oracle to Purchase Acme Packet

[February 04, 2013]

Oracle to Purchase Acme Packet

(MarketNewsVideo.com Via Acquire Media NewsEdge) Oracle (ORCL) announced that it will purchase networking equipment vendor Acme Packet (APKT) for $2.1 billion, or $1.7 billion net of cash. The purchase price represents a premium of 22% to the stock's closing price on Friday. Oracle believes that the merger will accelerate a migration to all-IP networks, and will allow the software company to provide customers with a broader range of services.

Oracle shares are lower in early trading, while Acme shares have been halted.

The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/ id=201302ORCL020413&mv=1.

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