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Ericsson to Buy Redback Networks for $2B

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SAN JOSE, Calif., Dec. 19, 2006 -- Redback Networks Inc., a San Jose, Calif., developer of edge-routing technology for broadband networks, announced Tuesday a definitive agreement to be acquired by telecommunications supplier Ericsson for $2.1 billion, or $25 dollars per Redback share. The acquisition is expected to occur by means of a tender offer for all of the outstanding shares of Redback common stock. Subject to customary closing conditions and regulatory approvals, it is expected to be completed in early 2007. Redback will retain its management team and operate as a wholly-owned subsidiary of Ericsson. Ericsson said...Read full article

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    Published: December 2006
    Glossary
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    broadband networksCommunicationsedge-routing technologyEmploymentEricssonIP-based datamergersNews & FeaturesphotonicsRedback Networksservicestelecommunicationsvoice and video

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