Deals
Cisco Is in Talks to Buy Optical Chip Maker Luxtera
A pedestrian walks past Cisco Systems headquarters in San Jose, California.
Photographer: David Paul Morris/Bloomberg
This article is for subscribers only.
Cisco Systems Inc., the biggest maker of networking equipment, is in talks to purchase optical chip technology company Luxtera Inc., according to people familiar with the plans.
A final price for the closely held company hasn’t been determined but a deal will likely value Luxtera in the hundreds of millions of dollars, said the people, who asked not to be identified because the negotiations are private. Cisco beat out rival bids from other companies including Intel Corp. and Broadcom Inc., one of the people said.