Wednesday, December 28, 2011

[Globes]: Riverbed to Buy Expand for $10M

Shmulik Shelach reports to Globes that "Sources inform ''Globes'' that Riverbed is about to acquire Expand Networks for $10 million, three months after the company was put in receivership. The sale is due to be closed next week, after Expand special administrator Adv. Paz Rimer submits the deal to the Haifa District Court for approval .. This is the second time that Riverbed has considered acquiring Expand Networks. In late 2009, there were talks to acquire it for $30 million, but nothing came of them. If the court approves the sale, this will be Riverbed's first acquisition in Israel". 

Background - "Optimization Vendor Expand Goes into Urgent Assets Sale" - here.

See "Riverbed to acquire Expand Networks for $10m" - here.

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