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.Webex is still ubiquitous (I am asked to view a WebEx presentation almost daily), but it’s expensive and bulky. Read the more »

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