Check Point Withdraws Offer to Acquire Sourcefire
An AP newswire article by Ted Bridis, via Yahoo! News, reports that:
A leading Israeli software company failed to resolve security objections by the Bush administration over its plans to buy a smaller U.S. technology rival and abruptly abandoned the $225 million deal.More here.
Check Point Software Technologies Ltd. of Ramat Gan, Israel, withdrew its plans Thursday near the conclusion of a rare, full-blown investigation by a U.S. review panel over the company's plans to buy Sourcefire Inc.
Check Point had been told U.S. officials feared the transaction could endanger some of government's most sensitive computer systems.
posted by Fergie @ 3/24/2006 06:35:00 AM
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