Cisco Acquires SourceFire For $2.7 Billion

Cisco Systems announced today that it will be purchasing Sourcefire, a Columbia, Maryland security equipment company. The deal was announced in Cisco's corporate blog.

Sourcefire is a leader in intrusion-detection devices. Its products are laid on a foundation made up of Snort, an open-source intrusion-detection software, which it developed. Sourcefire was founded in 2001 by Martin Roesch. It was started in 2001, has about 650 employees and reported sales of about $220 million in 2012.

This is Cisco's seventh deal for 2013, with hopefully more to come.

Apple To Acquire HopStop, Popular Transit App

As first reported earlier by Bloomberg, Apple is acquiring popular navigation app HopStop to help improve its sucky Maps app. This purchase has been confirmed by AllThingsD. This new buy comes just hours after notice of Apple acquiring Locationary. I wouldn't go as far as to say Apple is going on a shopping spree today, but it's becoming close to that.

Softbank Sees Acquiring T-Mobile as "Plan B"

Softbank is trying to trying to make an entrance into the US cellular market, but it isn't going as great as they thought as it would be. Softbank is trying to acquire Sprint. First, DISH tries to knock Softbank out of the ring to buy Sprint. In case they do get knocked out, DISH seems to be eyeing T-Mobile as a backup. According to Reuters, the Japanese are in talks with Deutsche Telekom to buy its shares of the carrier.

If Sprint shareholders reject the Softbank deal on June 12th, Big Magenta may be moving to Japan.

Yahoo Acquires Tumblr

Yikes, according to The Wall Street Journal, Yahoo's rumored-acquisition of Tumblr has been approved. It has been said that the company is going after the hip micro-blogging site because of its young user base. The deal has been all-cash and worth $1.1 billion. CEO Marissa Mayer will mostly likely officially announce the acquisition tomorrow in NYC, where Yahoo is having an impromptu press conference, that was hastily put together.

Many (most) of Tumblr's users have been crying out in outrage as they try and prevent the merger. Unfortunately, their efforts seemed to not be enough to stop the acquisition.