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(Image from article: "Cisco To Buy Flip Camera Maker For $590 Million")

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Cisco To Buy Flip Camera Maker For $590 Million

After several days of behind-the-scenes negotiating, Cisco (NSDQ: CSCO) said it will acquire Pure Digital Technologies and its easy-to-use Flip Video camera for $590 million in stock. The deal also calls for Jonathan Kaplan, chairman and CEO of Pure Digital, to become general manager of Cisco's consumer business group.

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