Acacia, which had entered into negotiations with Cisco with a view to its buyout for an amount of $ 2.6 billion, finally decided to withdraw. What Cisco has decided to challenge in court cisco voice engineer.
Cisco's planned acquisition of Acacia Communications took a contentious turn this week, as the network giant went to court to prevent the optical technology provider from shutting down the operation. Cisco applied for a temporary restraining order in the Delaware court on January 8 to prevent Acacia from terminating its acquisition agreement with the company. The move followed a statement by Acacia released on January 8, which said the company "has chosen to end its merger agreement with Cisco Systems, Inc. with immediate effect."
Acacia has stated that the proposed merger is conditional on satisfaction or waiver of customary closing conditions, including obtaining the necessary regulatory approvals within the time frame provided by the merger agreement. One of those conditions was the approval of the Chinese Administration for Market Regulation (SAMR), and Acacia said this was not obtained within the originally planned timeframe. For its part, Cisco claims to have fulfilled all the conditions for the conclusion of the agreement. Cisco is also seeking a court warrant so that the agreement is not terminated until the court resolves these issues, and a court order requiring Acacia to complete the transaction. On January 7, 2021,
Breaking into the optics Seeking to increase its portfolio of optical systems, Cisco negotiated the acquisition of Acacia in 2019 for an amount of 2.6 billion dollars. Acacia develops, manufactures and sells consistent high-speed optical interconnection products to accelerate networks connecting data centers, cloud operators and service providers. Cisco said at the time: "The Acacia acquisition will allow us to build on the strength of our portfolio of switching, routing and optical networking products to meet the most demanding requirements of our customers."
For Cisco, a key factor in securing the deal was Acacia's coherent optical technology, which enables network equipment to send optical signals over long distances. Acacia uses silicon photonics as a platform for integrating multiple photonic functions for coherent optics, Gartner wrote in a blog on acquisition. "By taking advantage of advances in silicon photonics, each new generation of coherent optics products has increased data transmission rates, reduced power and improved performance over the previous one," Mr. Gartner said.
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