Cisco Buying BroadSoft For $1.9 Billion Cash

NEW YORK (AP) — Cisco Systems Inc. will pay about $1.9 billion cash to buy BroadSoft Inc. in a move aimed at expanding its communications software offerings. The networking technology giant is paying $55 per share, marking a 2 percent premium to Broadsoft’s closing price on Friday. Gaithersburg, Maryland-based BroadSoft provides telecommunications technology for businesses, […]

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