Web 2.0 News

Cisco Buys WebEx for $3.2 Billion
News is just breaking that Cisco has agreed to aquire WebEx for $3.2 billion in cash. In 2006, WebEx generated nearly $50 million in profit on $380 million in revenue. They have $300 million or so in cash on hand, so the net deal value is $2.9 billion.

Source: http://www.techcrunch.com/2007/03/15/cisco-buys-webex-for-32-billion/