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Citrix Joins Web-Acceleration Rush With NetScaler Acquisition |
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Friday, 03 June 2005
by Michel Roth
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Citrix announced it has signed a definitive agreement to acquire privately held NetScaler, Inc., a global leader in high-performance application networking. The transaction is valued at approximately $300 million in cash and stock, plus the assumption of approximately $23 million in unvested stock options. The deal is expected to close in the third quarter of 2005 subject to customary closing conditions including shareholder and regulatory approvals.
Read the Citrix press release here. Read Brian Madden's view of this acquisition here.
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