VMware Lays Down $1.3B For Computer Networking Firm

Law360, San Diego (July 23, 2012, 10:27 PM EDT) -- VMware Inc. said Monday it is acquiring Nicira Inc., a Palo Alto, Calif.-based computer networking and virtualization company, for nearly $1.3 billion.

VMware, which is majority owned by information storage company EMC Corp., signed a definitive agreement to pick up the firm for about $1.05 billion in cash and about $210 million in assumed unvested equity awards. The deal is expected to close during the second half of this year.

Although the transaction has gained approval by the companies’ boards of directors and Nicira’s stockholders, it...
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