Google has announced that it will acquire the cloud software company Apigee Corp in a move that will likely help boost its own cloud offerings. The deal is valued at around $625 million and Google has agreed to pay Apigee shareholders $17.40 for each share of the company's stock which amounts to a 6.5 percent premium on its closing price the day before the announcement. Apigee, which is based out of San Jose, creates software that aids companies' digital services in interacting with the apps used by both customers and partners. The company specializes in managing application programming interfaces (APIs)… [Continue Reading]
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