Oracle Buying Acme Packet for $1.7Bln
The move to all IP networks is on with Oracle announcing that it will acquire Acme Packet for approximately $1.7 billion ($29.25 per share), net of cash. Reuters reported that it’s the biggest deal for Oracle since its $7 billion purchase of Sun Microsystems in 2010. And it may not be the last big transaction. “Oracle and Cisco can both afford to be aggressive with M&A whereas many of their peers cannot,” said Ovum principal analyst Dana Cooperson. “Expect the buying spree to continue.” Acme’s board has unanimously approved the deal, which should close in the first half of the year. It’s still subject to stockholder approval and certain regulatory sign-offs. The companies said the transaction should accelerate the migration to all-IP networks by enabling secure communications from any device, across any network. 

The Daily

Subscribe

Charter Unpacks Impact of ACP’s Sunset

Charter hasn’t been immune to the slowdown in broadband activity in 1Q24, reporting the loss of 72,000 residential and SMB internet customers. It’s looking at what the discontinuation of ACP will mean for its sub base.

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Jun 13
2024 American Broadband Congress Conference Registration is Open!
Jun 26
2024 FAXIES Awards Nominations Are Open!
Full Calendar

Jobs

Seeking an INDUSTRY JOB?
VIEW JOBS

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact Rob Hudgins, [email protected], for more information.