BREAKING: Arista Agrees To Pay Cisco $400M On Eve
Post# of 82672
On the eve of trial in Arista Networks Inc.'s antitrust suit against Cisco Systems Inc. in California federal court on Monday, the parties settled multiple disputes in a deal that sees Arista paying $400 million and Cisco dropping patent infringement allegations
According to securities filings, Arista Networks Inc. entered into a binding term sheet with Cisco Systems Inc., which, upon execution of a final agreement, will result in the dismissal of all pending litigation between the parties.
For Arista’s $400 million, Cisco will release Arista from patent infringement...
Anything is possible NOW.