July 11 - 11:07
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Cisco to acquire Acacia Communications for $2.6 billion
Cisco has announced its intention to acquire buying optical component maker Acacia Communications for $2.6 billion. Acacia's technologies enable webscale companies, service providers, and data centre operators to meet the fast-growing consumer demands for data. The acquisition is expected to close during the second half of 2020, subject to closing conditions and approvals.
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