Thursday, January 06, 2005

Airespace - to be purchased by Cisco $400 - $425M

www.unstrung.com: "Wireless LAN behemoth Cisco Systems Inc. (Nasdaq: CSCO - message board) is finalizing a deal to acquire switch startup Airespace Inc. for between $400 million and $425 million, according to sources."

About a 7x multiple on Airespaces revenues of $60M in 2004 (as reported by news.com)

No comments: