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F5 Networks Slumps as Investors Scrutinize Nginx Acquisition

Annie Gaus

were trading lower on Tuesday after the company announced an acquisition of privately held Nginx, its largest-ever deal at $670 million. In statements announcing the acquisition, both companies hailed the transaction as a complementary merger that will provide consistency to F5's 25,000 enterprise customers. F5's technology centers around application delivery services, and Nginx is a widely used web server, along with Apache and others.