Income · Stocks to Consider and Updates

Cisco to Buy Luxtera

Cisco Systems, Inc. (NASDAQ: CSCO – $42.65) announced the intent to acquire privately held Luxtera, Inc., a semiconductor company based in Carlsbad, California that uses silicon photonics to build integrated optics capabilities for webscale and enterprise data centers, service provider market segments and other customers. Luxtera’s technology, design, and manufacturing innovation significantly improves chip scale and performance, while lowering costs. Cisco plans to incorporate Luxtera’s technology across its intent-based networking portfolio, spanning enterprise, data center and service provider markets. The company will pay $660 million in cash and assumed equity awards for the acquisition, which is expected to close in the third quarter of Cisco’s fiscal year 2019, subject to customary closing conditions and required regulatory approvals.

 

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