RealTime IT News

All in the Family

Coda Music Technology + Net4Music, Frontline Communications + Delanet.com, Wizardnet, MyFamily.com + RootsWeb.com, Questar + Consonus, Telemesser + e-go systems, Virata + Excess Bandwidth

 Virata (VRTA) to acquire Excess Bandwidth


   *  Amount:         $315 million


   *  Terms:            6.3 million shares

   *  Premium:        n/a


   *  Industry:        Speed/Bandwidth


   *  Scorecard:      A-


    SANTA CLARA, June 21--Virata Corporation announced it has signed a definitive agreement to acquire privately held Excess Bandwidth Corporation in exchange for approximately 6.3 million shares of Virata common stock, valued at approximately $315 million. The Excess Bandwidth transaction is expected to provide Virata with symmetric DSL physical layer capabilities targeted at the high-growth markets for both business premises and central office equipment.



 Telemesser to merge with e-go systems