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News Summary: maker VMware buys Nicira for $1.26B

By The Associated Press
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THE DEAL: Business software maker VMware is buying computer networking specialist Nicira for nearly $1.3 billion.

WHAT IT WILL DO: The deal will expand VMware’s product line in the rapidly growing field of computer “virtualization” — software that lowers the costs of running data centers by enabling a single computer to function like multiple machines.

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