Nortel accepts Nokia Siemens $650M bid for wireless assets
Companies enter ’stalking horse’ agreement; other telecom vendors, including Ericsson and Huawei, will also get a chance to bid.
Nortel Networks has entered into an agreement with Nokia Siemens Networks to sell it its wireless network infrastructure business assets for $650 million, the company said on Friday.
Reports of the company’s interest in Nortel’s wireless assets surfaced back in April, and the two have now entered into a so-called stalking horse agreement, which means an initial bid on the assets from a party chosen by the bankrupt company — in this case Nortel. Other telecom vendors, including Ericsson and Huawei, will also get a chance to bid.
CA expands its reach into the data center and acquires Cassatt Data Center Automation assets
In April of this year we reported that Cassatt, the developer of data center automation software was in trouble and was looking for buyer. The buyer is CA, Inc., the multinational computer software company who announced the acquisition of certain data center automation and policy-based optimization expertise and assets from Cassatt Corporation.
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