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January 23, 2013 06:01 pm GMT
Bessemer Venture Partners racked up a huge win today. Two years ago it invested $6 million in exchange for nearly half the equity of Israeli startup Intucell, whose networking tech lets carriers handle more mobile traffic. Today, Cisco announced plans to buy Intucell for $475 million in cash, and BVP tells me it will take nearly half that sale price.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/mrZWadL8dSo/
Cisco To Buy Israeli Mobile Startup Intucell For $475 Million Cash, And Bessemer Will Get Nearly Half
Bessemer Venture Partners racked up a huge win today. Two years ago it invested $6 million in exchange for nearly half the equity of Israeli startup Intucell, whose networking tech lets carriers handle more mobile traffic. Today, Cisco announced plans to buy Intucell for $475 million in cash, and BVP tells me it will take nearly half that sale price.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/mrZWadL8dSo/
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