Thursday, June 29, 2006

Sale of RSA Security Said to Be Near



Andrew Ross Sorkin and John Markoff write in The New York Times:

RSA Security, a pioneering digital security company, quietly put itself up for sale several months ago and is now near a deal with EMC or at least one other bidder, people involved in the auction process said last night.

A deal, possibly worth more than $1.8 billion, could be reached in a few days, these people said. The company has a market value of $1.46 billion.

RSA's board is expected to meet before the weekend to review final bids, these people said. They cautioned, however, that it remained possible that RSA could still decide against a sale.

It could not be learned last night who was competing against EMC, the data storage giant.

More here.

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