Sun Microsystems Closes Acquisition of Cobalt Networks - TheStreet

Sun Microsystems

(SUNW) - Get Report

completed the acquisition of

Colbalt Networks

(COBT)

, a provider of server equipment for Internet service providers and small- and medium-sized businesses.

Cobalt, Mountain View, Calif., will become Sun's server appliance business unit. The acquisition was valued at about $2 billion when it was disclosed in September.

Sun ended the regular session at $42.81 and was recently quoted at $40.69 in after-hours activity on the

Island

ECN.