iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
16,986 Blog Posts

Report: $CSCO Nearing Deal to Acquire $BSFT

Bloomberg is reporting CSCO is close to buying out the cloudfags at BSFT. The details of the detail are incredibly cryptic, likely the result of some leak by some investment banker, trying to expedite the deal. These leaks are often correct and I suspect it will get done. My main question is, what will the premium be?

The stock is up 31% for the year, with a market cap of $1.7 billion. With a price/sales of 4.7x, anything more than a 25% premium to Friday’s close should light a fire under communication and software stocks, like CTXS.

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5 comments

  1. frog2

    almost had a heart attack. thought it was gonna be blackberry before I managed to buy options

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  2. sarcrilege

    Cisco products are nothing but another Mossad/NSA/CIA pet project full of trojan horses and backdoors enabling spy agencies to spy on everybody. One does not need to be a rocket scientist to figure out why CSCO is buying out the cloudfags at BSFT.

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