Cisco to buy Webex for 3 Billion plus
It looks like Cisco is following a certain mantra laid down around the same tme they bought Latitude.
The $57 per share offer for WebEx (NASDAQ:WEBX) represents a 23 percent premium over Santa Clara-based WebEx's closing price of $46.20 on Wednesday on the Nasdaq Stock Market. San Jose Biz Journal
Matt Assay has the same sentiments that I do about Webex,
All great. The deal makes sense on a range of different levels. But the one I'm hoping for is that maybe WebEx will actually work now. We're already in the process of cancelling our account due to shoddy technology – it crashes all the time, maybe in part because Alfresco's US team is almost entirely on Macs. We're moving to Adobe's Breeze product, and would have moved to dimdim if it were out of alpha. Cisco: Please fix WebEx. It lacks a feature that I need: stability.