By: Forbes Real Time
January 28, 2013 at 16:46 PM EST
Sierra Wireless To Sell AirCard Unit To Netgear For $144.5 Million
Sierra Wireless this afternoon said it has agreed to sell the assets of its AirCard business to Netgear for $138 million in cash and $6.5 million assumed liabilities. Sierra said it expects cash proceeds of about $100 million from the deal after taxes, expenses and funds held in escrow. The deal is expected to close in March.
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