Sierra Wireless this afternoon said it has agreed to sell the assets of its AirCard business to Netgear for $138 million in cash and $6.5 million assumed liabilities. Sierra said it expects cash proceeds of about $100 million from the deal after taxes, expenses and funds held in escrow. The deal is expected to close in March.
Sierra Wireless this afternoon said it has agreed to sell the assets of its AirCard business to Netgear for $138 million in cash and $6.5 million assumed liabilities. Sierra said it expects cash proceeds of about $100 million from the deal after taxes, expenses and funds held in escrow. The deal is expected to close in March.
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