Cisco to buy WebEx for $3.2 billion

Deal to enhance Cisco's communications segment approved by both boards, but awaits regulatory approval.

Cisco Systems plans to acquire WebEx for about $3.2 billion in cash and stock, the companies announced Thursday.

WebEx, which offers network-based solutions for on-demand collaboration between businesses, will enhance Cisco's unified communications segment for small to medium-size business clients, according to the companies. The deal has been approved by the boards of directors of both companies but is still pending regulatory approval.

Tags:
Tech Culture
About the author

In a software-driven world, it's easy to forget about the nuts and bolts. Whether it's cars, robots, personal gadgetry or industrial machines, Candace Lombardi examines the moving parts that keep our world rotating. A journalist who divides her time between the United States and the United Kingdom, Lombardi has written about technology for the sites of The New York Times, CNET, USA Today, MSN, ZDNet, Silicon.com, and GameSpot. She is a member of the CNET Blog Network and is not a current employee of CNET.

 

Join the discussion

Conversation powered by Livefyre

Don't Miss
Hot Products
Trending on CNET

HOT ON CNET

Find Your Tech Type

Take our tech personality quiz and enter for a chance to win* high-tech specs!