Cisco Offers $310M For Broadband Equipment Co.

Law360, New York (April 3, 2013, 12:13 PM EDT) -- Cisco Systems Inc. will put up $310 million for venture-backed U.K. broadband equipment company Ubiquisys, it said Wednesday, marking the latest in a slew of acquisitions the company has made in recent months to beef up its mobile networking business.

The consideration covers an all-cash payout plus retention-based incentives to be paid to certain Ubiquisys employees. San Jose, Calif.-based Cisco did not spell out its plans for financing the transaction, which is expected to close in the fourth quarter, subject to unspecified closing conditions.

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