Cisco Systems to Invest $150 million in VMware
Dean Takahashi writes in The Mercury News:
Cisco Systems agreed to invest $150 million in VMware, a virtualization software company that is readying itself for an initial public offering.More here.
San Jose-based Cisco will buy VMware Class A common shares currently held by VMware's owner, the enterprise storage giant EMC.
After the investment, Cisco will own approximately 1.6 percent of Palo Alto-based VMware's total outstanding common stock, giving VMware a valuation of $9.4 billion. The deal is subject to regulatory approval.
posted by Fergie @ 7/28/2007 10:37:00 AM
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