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Blue Coat Going Private for $1.3 Billion
Category: Developer World, Author: Ronan, Added: 13 December 2011
 
WAN optimization vendor Blue Coat Systems (Nasdaq: BCSI) announced today that it is being taken private by an investment group led by private equity firm Thoma Bravo LLC. The deal is valued at $1.3 billion and is expected to close in the first quarter of calendar 2012.
"The value of the deal speaks for itself, it's basically a 50 percent premium over what we were trading at yesterday," Steve Daheb, chief marketing officer and senior vice president at Blue Coat, told
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