Thursday, March 15, 2007

Cisco to Buy WebEx for $2.9B

Cisco to Buy WebEx for $2.9B: "NEW YORK (Reuters)—Cisco Systems said it will buy online videoconferencing company WebEx Communications for $2.9 billion as part of a strategy to sell comprehensive packages of communication products."

Well, I commented on their munching up TRIBE networks, it would appear that their takeover path of social networking sites is not over yet.

While I wouldn't call WebEX a social networking site, it's definately a network and delivers them a PILE of eyeballs right away.

Interesting moves, I wonder who will be next in the takeover lane.

ning.com ? maybe squidoo?

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