Articles
CacheFlow completes acquisition of Entera
December 20, 2000
CacheFlow (Sunnyvale, CA) has completed the acquisition of Entera (Fremont, CA). Entera develops standards-based streaming content distribution and management technologies. Employees of Entera will be integrated into CacheFlow and are expected to immediately contribute to CacheFlow streaming products.
Under the terms of the agreement each share of Entera stock was converted into the right to receive 0.107657 shares of CacheFlow common stock, which will result in the issuance by CacheFlow of approximately 3.4 million shares of CacheFlow common stock. Based on the December 15, 2000 closing price the transaction, which will be accounted for as a purchase transaction, is valued at approximately $170 million.
Edited by Maeve McKenna
Assistant Editor, PremisesNetworks.com
Source: CacheFlow
