Sourcefire has rejected an unsolicited takeover bid from Barracuda Networks. The firm, which develops a commercial version of Snort, the popular open source intrusion detection tool, said Barracuda's $187m bid "substantially undervalues" Sourcefire. In a terse statement on Friday, Sourcefire's board said it was better off as a …
$7.50 a share?
And how would this be payed? probably partially or totally with Barracuda shares, which they say are worth a small fortune. But since it is a private company they don't have to justify the share price. Seen this one before, Barracuda the masters of smoke and mirrors
- 'Windows 9' LEAK: Microsoft's playing catchup with Linux
- Hey, Scots. Microsoft's Bing thinks you'll vote NO to independence
- Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
- Every billionaire needs a PANZER TANK, right? STOP THERE, Paul Allen
- Microsoft buys Minecraft for $2.5bn. Notch: I'm getting the block outta here