Citrix Acquiring XenSource for USD 500 Million

Citrix Systems is acquiring XenSource, whose founders helped develop the open-source Xen hypervsior, for USD 500 million in a move that caps a significant week in the development of virtualization technology. The XenSource acquisition, which both companies announced Aug. 15, comes just a day after VMware, which has long been the dominant player in the x86 virtualization market, announced an initial public offering of 33 million shares of stock. By the end of its first day of trading, the company’s stock closed at almost USD 51 a share.

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