Cisco Flips for Pure Digital
NEW YORK (Reuters) - Cisco Systems Inc is buying digital camcorder-maker Pure Digital Technologies as it seeks to push further into the consumer market. The world's largest maker of computer networking equipment said on Thursday it would pay $590 million in stock to purchase all of privately held Pure Digital's shares. It will also pay up to $15 million in retention-based incentives to employees who continue at the acquired company, Cisco said in a statement.
19 March 2009•1 min read
