Terabeam has bought Proxim’s assets for approximately $28 million, beating out the $21 million offer from Moseley Associates. Mind you Terabeam was another company that had fallen on hard times, and had to merge with YDI Wireless, a microwave company. Terabeam, a free space optics company had blown through $500 million in venture capital, and suffered from the Gilder curse - whatever he loved turned to dirt. Proxim’s WiMAX portfolio is of much interest to buyers. UnStrung via Light reading