Cisco buys Acacia Communications For $2.6 Billion

Cisco want to buy Acacia Communications, a manufacturer of optical interconnect products, for $70 per share in cash in a $2.6 billion deal on a fully diluted basis.

The deal will strengthen Cisco's innovation capabilities across software, silicon and optics in telecom systems, Calif.-based giant continue to make networks smarter, simpler and more secure.