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Aerohive Networks

Extreme Networks to Acquire Aerohive Networks

Acquisition Extends Extreme's Leadership in Cloud Management and Wireless Networking, Adding Strong Subscription and Services Business Extreme Networks, Inc., a software-driven networking company, and Aerohive Networks, a pioneer in cloud-managed networking, announced they have entered into a definitive agreement under which Extreme will acquire all of the outstanding shares of common stock of Aerohive at a price of $4.45 per share in cash, representing an aggregate purchase price of approximately $272 million. Accounting…