Cisco: acquires IMImobile in UK
(CercleFinance.com) - Cisco and IMImobile have announced an agreement on the terms of a recommended cash offer, whereby Cisco will offer 595 pence for each IMImobile share, representing a total purchase price of approximately 730 million dollars, net of cash and debt.
IMImobile provides software and services that enable companies and organizations to stay constantly connected to their customers through enhanced interactive channels, including social networking, messaging and voice.
Subject to certain conditions, including the approval of the target company's shareholders and regulatory approvals, this acquisition is expected to be completed in the first quarter of 2021.
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