HP buys 3Com for $2.7 Billion

HP and 3Com have entered into a agreement under which HP will purchase 3Com, a leading provider of networking switching, routing and security solutions, at a price of $7.90 per share in cash or an enterprise value of approximately $2.7 billion. This combination will transform networking industry and underscore HP’s next-generation data center strategy built on convergence of servers, storage, networking, management, facilities and services. The resulting business outcome’ll help customers simplify network, deploy a unique and innovative edge-to-core network fabric for enterprise and improve IT service delivery capabilities, all delivered with best-in-class price-performance.

More info: Press Release