Wed, Aug 15th 2007 7:52am
We're sure the timing of this is a total coincidence, but just one day after EMC subsidiary VMWare skyrocketed in its market debut, software maker Citrix systems has announced the purchase of Xensource, a privately held maker of virtualization technology. It's hard to say whether Citrix got a good price on the $500 million deal, but considering the timing, you have to figure that Xensource was able to attract quite the premium. As Paul Kedrosky noted yesterday, the VMWare IPO seemed likely to spur the hunt for more such deals. Who knew things would get kicked off so quickly?
If you liked this post, you may also be interested in...
- DailyDirt: Terminators From The Future Are Already Here..?
- Supreme Court Won't Hear Oracle v. Google Case, Leaving APIs Copyrightable And Innovation At Risk
- Appeals Court May Have Finally Reversed An Error That Enabled Bogus Software Patent Claims
- TISA Agreement Might Outlaw Governments From Mandating Open Source Software In Many Situations
- NSA Gave RSA $10 Million To Promote Crypto It Had Purposely Weakened