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Force 10: Thanks But No Thanks, Nortel
By Mark Evans | September 29, 2006
According to The Deal, Force 10 has turned down a $500-million offer from Nortel. VC Ratings  said one of Force 10’s investors said the company wants to do an IPO worth at least $1-billion within 18 months. Force 10’s investors include Morgenthaler Ventures, Meritech Capital Partners, Crosslink Capital, U.S. Venture Partners, New Enterprise Associates and Worldview Technology Partners. Here’s VC Ratings’ take on Force 10’s decision: “The interest from Nortel is a good sign for those VCs. And if their instincts are right about where communications equipment valuations are headed over the next 18 months, more offers for resilient networking startups should be coming.”
Topics: M&A |