Cisco Systems Inc. (CSCO) on Tuesday said it intends to acquire BabbleLabs, which has developed noise-removal and speech-enhancement technology. Cisco said the purchase will improve its video-meeting experience via the Webex application. Terms were not disclosed. Cisco shares are down 12.5% in 2020. The broader S&P 500 index is up 6.6% this year.
-Jon Swartz; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
August 25, 2020 16:43 ET (20:43 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.