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Cisco Systems Inc. to acquire online meeting company WebEx Communications Inc.
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California, USA (MIT): Cisco Systems Inc. said Thursday that it has agreed to acquire the online meeting company WebEx Communications Inc. for about $3.2 billion in cash. Cisco, the leading maker of routers and switches that direct data over computer networks, said it will pay $57 per share of WebEx. That represents a 23 percent premium over WebEx's closing price of $46.20 on Wednesday on the Nasdaq Stock Market.
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