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SAN FRANCISCO (AP) - Citrix Systems Inc. is buying 3-year-old startup XenSource Inc. for $500 million, marking the second big deal this week to highlight the bustling market for software that makes computers run more efficiently.
The cash-and-stock acquisition announced Wednesday followed the sensational stock market debut of XenSource's much-larger rival, VMware Inc., whose shares have nearly doubled from Monday's initial public offering price of $29.
VMware shares climbed $6.71 to $57.71 Wednesday, leaving the previously little-known company with a market value of about $22 billion. Only four other publicly traded software companies — Microsoft Corp., Oracle Corp., SAP AG and Adobe Systems Inc. — are currently worth more.
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