| muppetman11 |
15-03-2012 17:08 |
Cisco in frame for $5 billion NDS purchase
Quote:
Cisco is said to be close to purchasing the News Corp technology arm NDS in a deal worth $5 billion (€3.83 billion).
The Israeli financial daily Calcalist says the deal is expected to conclude in the next few days. It is believed to have been in the pipeline for several months and was the catalyst for the management transition that saw long-time CEO Dr Abe Peled move to the post of executive chairman to be replaced by former Sonic Solutions CEO David Habiger.
Contacted by Broadband TV News, NDS declined to comment on any possible transaction.
If completed the deal would become the latest in a series of financial shuffles for the company behind the Sky Go multiscreen product for BSkyB and Sky Deutschland, as well as the IP-delivered Sky Anytime+.
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http://www.broadbandtvnews.com/2012/...-nds-purchase/ |
