Alphabet takes nearly $548 million stake in Qualcomm
The investment comes as Qualcomm expands its data-center business, with the chipmaker expecting revenue from those chips to reach $15 billion by 2029.
Extreme Networks weighs sale following buyer interest, sources say
Shares rose around 17% on November 6 as the networking company, with a market capitalization of about $3 billion, considers a potential sale.
An acquisition approach has prompted Extreme Networks to consider selling itself and engage an investment bank for the process, people with knowledge of the matter said. The people requested anonymity to discuss the private talks.
The people named Fortinet, Cisco Systems and NetApp among the companies that could be strategic bidders. Extreme Networks and NetApp withheld comment, while requests to Fortinet and Cisco Systems drew no immediate response.
Extreme Networks supplies enterprise customers with equipment and software for operating wireless and wired networks. Based in Morrisville, North Carolina, the company started in Silicon Valley in 1996 as an Ethernet switch maker before expanding into cloud networking and AI tools for network administration and troubleshooting.
The company reported that fiscal 2026 revenue grew 13%. On an earnings call in August, Chief Executive Ed Meyercord described accelerating demand for Platform ONE, its AI-focused offering. He said the product contributed more than 30% of subscription bookings during its first year of availability.
Other technology companies have pursued networking acquisitions to strengthen their AI and networking capabilities. Hewlett Packard Enterprise completed the purchase of Juniper Networks in 2025 for $14 billion.