Cisco buying Israel's Leaba Semiconductor for $320 million

Cisco Systems said on Wednesday it plans to acquire Israel's Leaba Semiconductor, a designer of networking chips, for $320 million in cash plus additional incentives to retain employees. "Leaba is a team with a strong and successful track record of designing leading edge networking semiconductors that provide innovative solutions to address significant infrastructure challenges," Cisco said in a blog on its website. Little is known about Leaba, which has raised $16 million since it was founded i